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'.
Deirdre Bolton reports Wednesday's top headlines. She speaks on Bloomberg Television's Money Moves.
Donald Longueuil, a former employee of the hedge fund SAC Capital Advisors, has big for plans when he gets out of prison.
Michael Steinberg, a former fund manager at SAC Capital Advisors, is free and clear of all allegations that he traded on insider tips after a 3 1/2-year fight with prosecutors and regulators.
It was easy come, easy go.
In recent months, as his legal troubles have deepened, the billionaire hedge-fund manager Steven A. Cohen has sold stocks to meet withdrawal requests from skittish investors.
Here are a few links to some interesting BBC, Bloomberg, Chicago Business, New York Times and Reuters stories making the news today.
Mathew Martoma’s bid to stay out of prison pending an appeal of his insider trading conviction did not last much past lunchtime.
Here's the latest:
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.
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.