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.
SAC Capital Advisors (SAC Capital Partners, SAC Capital Management) is a group of hedge funds.
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.
After a year of scandal, beleaguered hedge fund SAC Capital is renaming itself as Point72 Asset Management, The New York Times reported on Tuesday.
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'.
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.
Mathew Martoma’s bid to stay out of prison pending an appeal of his insider trading conviction did not last much past lunchtime.
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.
If you were down for long, you'd be out the door.
Movement of the people.
The U.S. dropped insider-trading charges against Michael Steinberg, a former fund manager at SAC Capital Advisors who was convicted by a federal jury, in the latest fallout from a major appeals court ruling that made such prosecutions more difficult.
Hedge fund SAC Capital, still fighting distractions on multiple fronts, churned out a modestly positive January with returns of about 2.5 percent, say two people familiar with the matter.
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 fund manager Michael Steinberg was arrested by FBI agents as the U.S. government’s wide-ranging probe of insider trading at the $15bn firm got one step closer to founder Steven A. Cohen.
Here's some links to some interesting Bloomberg, Market Watch, New York Times and Reuters stories currently doing the rounds.