Steven A. Cohen’s Point72 Asset Management made a gross profit of at least $2.5bn in 2014, according to a person familiar with the matter.
SAC Capital Advisors (SAC Capital Partners, SAC Capital Management) is a group of hedge funds.
Steven A. Cohen’s firm will stop collecting employees’ best trading ideas for a central investment pool and rewarding them with a special bonus, a practice that the U.S. government said created wrong incentives at his former hedge fund SAC Capital Advisors.
Mathew Martoma’s bid to stay out of prison pending an appeal of his insider trading conviction did not last much past lunchtime.
The wife of former SAC Capital moneyman Mathew Martoma doesn’t think she should have to give up her luxurious lifestyle just because her husband orchestrated the most lucrative insider trading scheme in history.
Former SAC Capital portfolio manager Mathew Martoma, scheduled to begin a nine-year prison sentence Nov. 10 for what the U.S. called the most lucrative insider-trading scheme ever charged against an individual, asked a court to let him stay free while he appeals.
Former SAC Capital portfolio manager SAC Capital Michael Steinberg was sentenced to 3-1/2 years in prison after his 2013 conviction on insider trading charges.
Five months after its initial terms were set, a historic criminal settlement between the former hedge fund SAC Capital and the Justice Department was approved by a U.S. district judge in a lower Manhattan court Thursday.
Steve Cohen is mulling an out-of-court resolution to a parallel SEC case in which he himself is the defendant, according to people familiar with the matter.
Gabriel Plotkin, one of SAC Capital's leading portfolio managers, plans to leave the embattled firm at the end of the year to start his own hedge fund, according to sources.
Hoping to boost surveillance in the wake of numerous insider-trading investigations that ultimately ended its life as a public hedge fund, SAC Capital has hired a Silicon Valley data miner that has done work for the Central Intelligence Agency and the Federal Bureau of Investigation in order to keep closer tabs on its own employees.
SAC Capital Advisors, the hedge-fund firm that’s facing federal insider-trading charges and a money-laundering lawsuit, is raising 2014 bonuses for its portfolio managers by 3.5% to help retain employees, a person with knowledge of the decision.
The SAC Capital Advisors brand starts 2014 severely sullied, but that negative reputation hasn't stopped recent alums of the firm from raising piles of cash.
In recent months, SAC's portfolio managers have been talking in earnest, both with management and among themselves, about how converting to a so-called family office would work, says one of these people.
Former SEC attorney Elizabeth Nowicki and Charlie Gasparino discuss SAC Capital's battle with the government.
If you were down for long, you'd be out the door.
Having returned the vast majority of its billions of dollars in public money to create a leaner, more private company, the hedge fund SAC Capital will reorganize its disparate trading divisions and rename them by April, according to an internal memo.
It was easy come, easy go.
Reuters reports that Goldman Sachs has promoted from within and named Mark Sorrell, 37, and Anthony Gutman, 36, to become heads of UK investment banking in succession to Julian Metherell, who recently left the firm to go work at former BP CEO Tony Hayward's planned $1.6bn global energy fund.
As SAC Capital fights an insider trading indictment and braces for investor withdrawals, the giant hedge fund has quietly shuttered one of its stock trading units, people briefed on the matter said.
Wells Fargo, a firm looking to trim more than $1.7bn in quarterly expenses by the end of this year, may move some jobs overseas.