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A collection of news and information related to Steven Cohen published by this site and its partners.
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Blackstone notifies Cohen's SAC it intends to pull money: pension consultant
Reuters(Reuters) - Billionaire hedge fund manager Steven A. Cohen is losing the financial support of Blackstone Group Inc, the largest outside investor in his embattled SAC Capital Advisors, which is yanking much of its client money, according to a letter...Tags: Politics, Interior Policy, U.S. Securities and Exchange Commission, Mutual Funds, Investments
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SAC lawyers met prosecutors to argue against charges
ReutersNEW YORK (Reuters) - Steven A. Cohen's lawyers made their best case argument a month ago to federal prosecutors about why the hedge fund billionaire and his SAC Capital Advisors should not be charged with criminal wrongdoing in a long-running insider...Tags: Michael Steinberg, Labor Legislation, Mutual Funds, Personal Investing, Mathew Martoma
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Market Chatter-Corporate finance press digest
ReutersMay 24 (Reuters) - The following corporate finance-related stories were reported by media on Friday: * Former News Corp president Peter Chernin and private equity fund Guggenheim Digital Media have placed bids for Hulu, two people with knowledge of...Tags: Mutual Funds, Media Industry, News Corp., Sydney (Australia), Delhaize Group
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SAC lawyers met with prosecutors to argue against charges -sources
ReutersNEW YORK, May 23 (Reuters) - Lawyers for SAC Capital Advisors called a meeting with U.S. prosecutors and agents from the Federal Bureau of Investigation in April to argue that there should be no insider trading charges filed against the $15 billion...Tags: Prosecution, Insider Trading, SAC Capital Advisors, Lawyers, Justice System
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U.S. prosecutors sought testimony from top SAC executives-WSJ
ReutersNEW YORK, May 23 (Reuters) - U.S. prosecutors are seeking testimony from three senior executives of the $15 billion hedge fund SAC Capital Advisors, the Wall Street Journal reported on Thursday. The U.S. Attorney's office for the Southern District of New...Tags: Prosecution, The Wall Street Journal, Insider Trading, SAC Capital Advisors, Lawyers
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Prosecutors consider using racketeering law against SAC: source
ReutersNEW YORK (Reuters) - Prosecutors are considering charging Steven A. Cohen's SAC Capital Advisors as a criminal enterprise engaged in a long pattern of insider trading in stocks, according to a person familiar with the matter. Prosecutors may use the...Tags: Mutual Funds, Judges, Crime, Law and Justice, Laws, Prosecution
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SAC's Martoma says U.S. impedes defense in fraud case
Reuters* Martoma calls U.S. conspiracy allegations vague * Defendant accused of insider trading * SAC, founder Steven Cohen in focus after subpoenas May 21 (Reuters) - Former SAC Capital Advisors portfolio manager Mathew Martoma said the government is...Tags: Michael Steinberg, U.S. Securities and Exchange Commission, Mathew Martoma, Crime, Law and Justice, Elan Corporation Plc
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Prosecutors' subpoena of SAC's Cohen puzzles defense lawyers
ReutersNEW YORK (Reuters) - The decision by prosecutors to compel Steven A. Cohen to testify before a federal grand jury about allegations of insider trading at his $15 billion hedge fund is leaving many criminal defense lawyers scratching their heads. In the...Tags: U.S. Securities and Exchange Commission, Mutual Funds, Judges, Morgan Stanley Dean Witter & Company, The New York Times
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Scandal or not, one SAC investor can't get enough of Steve Cohen
ReutersBy Svea Herbst-Bayliss and Sam Forgione BOSTON/NEW YORK, May 21 (Reuters) - As federal prosecutors circle Steven A. Cohen's $15 billion hedge fund in a long-running insider trading probe, one financial adviser in Texas is so devoted to the billionaire...Tags: Politics, Interior Policy, Mutual Funds, Investments, Pension and Welfare
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PRESS DIGEST-New York Times business news - May 21
ReutersMay 21 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. * Yahoo's $1.1 billion proposed acquisition of Tumblr is a huge coup for the young...Tags: European Union, Marissa Mayer, Mutual Funds, Media Industry, China
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SAC Capital's Cohen gets subpoena to testify - NY Times
ReutersMay 20 (Reuters) - Steven A. Cohen has received a subpoena to testify before a grand jury in a U.S. government insider trading investigation into his hedge fund SAC Capital Advisors, the New York Times reported, citing lawyers and executives briefed on...Tags: SAC Capital Advisors, The New York Times
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SAC Capital won't cooperate unconditionally with government -letter
ReutersNEW YORK, May 17 (Reuters) - Steven A. Cohen's hedge fund SAC Capital Advisors told investors on Friday it would no longer cooperate unconditionally with the U.S. government's insider trading investigation. In a brief letter to investors, the $15 billion...Tags: Mutual Funds, SAC Capital Advisors
May 25, 2013
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May 23, 2013
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May 21, 2013
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May 20, 2013
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May 19, 2013
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May 17, 2013
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