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SAC Probe Said to Be Hampered by Auto-Deleted E-Mails

Email Simon Stratford

The federal investigation of insider trading by SAC Capital Advisors LP and its founder, Steven A. Cohen, has been hampered by a lack of extensive e-mail evidence. One reason: During the period of time at the heart of the probe, July 2008, SAC automatically deleted its e-mails.

Blackstone Said In Push for Hedge Fund Stakes

Hedge Fund

Blackstone Group has hired Anthony Maniscalco to help run a new business that will buy stakes in hedge-fund managers, said three people familiar with the plans, as the firm tackles an investing area where institutions such as Goldman Sachs have had mixed results.

Money To Be Returned to Madoff Investors Tops $5 Billion

Bernie Madoff

Most investors in Bernie Madoff's epic Ponzi scheme initially assumed they had lost everything. But a new distribution announced Tuesday by court-appointed trustee Irving Picard will bring the total amount returned to investors past $5 billion for the first time.

UBS - Ex-Bear Becomes 'Sore' Head

UBS Fractured

Carsten Kengeter, the former CEO of UBS Investment Bank, is set to leave in a management shake-up of the bank’s non-core unit created a few months ago to wind down large parts of its debt trading business.



Oliver Twist

Goldman agrees to pay $270m

Goldman Sachs has agreed to pay around $270m to settle a lawsuit by investors who claimed the bank misled them about the safety of billions of dollars worth of residential mortgage-backed securities, two people familiar with the case said.