After a year of scandal, beleaguered hedge fund SAC Capital is renaming itself as Point72 Asset Management, The New York Times reported on Tuesday.
SAC Capital Advisors (SAC Capital Partners, SAC Capital Management) is a group of hedge funds.
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.
Longtime SAC Capital compliance chief Steve Kessler is leaving the hedge-fund firm after nine years, according to a source familiar with the matter.
That's a long time to think about what you have done.
The probe into possible insider trading continues with U.S. authorities looking at a number of hedge funds, including at least one individual at SAC Capital, a source familiar with the matter tells CNBC.
Former federal prosecutor Doug Burns on the future of SAC Capital after Mathew Martoma’s guilty verdict.
FBN's Charlie Gasparino says traders are no longer making SAC Capital their first call and the firm is losing its power on Wall Street.
SAC Capital's head trader testified that Steven Cohen had instructed him to start selling Elan stock in accounts that had 'less visibility'.
Mathew Martoma's insider trading trial took a surprising turn Thursday afternoon.
A key witness testified in Matthew Martoma's insider trading scandal that he provided Martoma with confidential information about a drug trial.
SAC Capital was indicted for perpetrating what prosecutors called an unprecedented insider trading scheme that was revealed as part of the government’s six-year crackdown on Wall Street crime.