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Steve Cohen
Latest Headlines
Latest Headlines
Celebrity hedge fund managers take their lumps
Are "celebrity" hedge fund managers suffering some massive setback at the moment? Or is the world just paying a lot more attention these days? It's probably a little of both.
No matter what you think, we can all agree with The Economist when it says, "One lesson is that being famous can ha
Senator Grassley takes aim at SAC Capital
Sen. Charles Grassley, head of the Judiciary Committee "is at war with the SEC and the Justice Department and still doesn't think they do enough on insider trading," FOX Business reports. "That is one of the reasons why you see so many of these stories involving Steve Cohen in the press late
SAC technology trader in FBI's sights?
One of the big questions in the unfolding "expert network" insider trading scandal is whether SAC Capital is a target. The mighty hedge fund firm run by the feared Steve Cohen has said it doesn't think the investigative activity to date suggests it is a specific target. But that's an assumption. S
Insider trading probe heats up
The government's hand may have been forced by the media reports of a massive insider trading investigation underway, one that involves some of the biggest names in financial services. This includes the likes of Goldman Sachs, Blackstone Group, Morgan Stanley, UBS and various hedge funds. The headl
Hedge funds honchos line up behind Republicans
It's still too early to state definitively that Wall Street has gone Republican. For the 2010 election cycle-sure to be heated--financial industry givers have supported both, contributing $180 million to Republican and Democratic Congressional candidates, according to the Center for Responsive Pol
SAC Capital rebounds, woos investors
To his credit, Steven Cohen, of SAC Capital, recognized that he couldn't just sit back after his disastrous 2008, when his flagship SAC Capital International fund lost 19 percent, its first loss ever. Before then, he had racked up average gains of 30 percent for 18 years. So he decided to open up
Steve Cohen's wife files new suit
The saga of Steve Cohen ( Steve Cohen news), of SAC Capital ( SAC Capital news) fame, and his first wife has dragged on for a while--too long for most people--but the media is still fascinated with it.
To recap, Cohen and his first wife divorced 20 years ago but the acrimony has grown st
SAC, bad news for fund startups?
Steven Cohen doesn't often provide seed money for such hedge fund start-ups. But when he does, the results are not spectacular. Reuters reports that "many of the portfolio managers who have spun out of SAC with a financial boost from their old employer over the past half-dozen years have eithe
The FBI vs. hedge funds
A lot of people assume that Galleon is merely the tip of an iceberg of fraud. There has been lots of nervousness in the industry which is wondering who's next. A lot of speculation has fallen on SAC, one of the big daddies of the industry. A big criminal enforcement action against it or its founde
Hedge fund turnarounds
We've noted the woes of James Simon's ailing RIEF recently. But for every story of a poorly performing fund, this year, there seems to be a success story. From a performance perspective, hedge funds fared better than most gave them credit for in 2008. Still, there are some who posted losses that h
