Tag: Billionaire

SAC Shrinks U.S. Stock Holdings by $2 Billion Amid Probe

Billionaire Steven A. Cohen’s SAC Capital Advisors LP, the hedge-fund firm facing federal insider-trading charges and client defections, cut its U.S. stock-listed holdings by about $2 billion in the second quarter. SAC held $16.2 billion of U.S.-listed stocks as of June 30, according to a filing yesterday with the U.S. […]