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.
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.
Julian Robertson, founder and CEO of Tiger Management, appeared on Bloomberg Surveillance Tuesday with Tom Keene, Sara Eisen and Scarlet Fu and said that Google has built a better culture than Apple.
Steve Cohen, the SAC Capital founder, has responded to the SEC's charges that he ignored "red flags" indicating that his traders were up to no good.
Mathew Martoma’s bid to stay out of prison pending an appeal of his insider trading conviction did not last much past lunchtime.
Deirdre Bolton reports Wednesday's top headlines. She speaks on Bloomberg Television's Money Moves.
In its first public acknowledgement of plans to stop managing public investments, SAC Capital has told staff it would convert to a family office, managing only the capital belonging to founder Steve Cohen , his relatives and certain employees.