A group of investors led by insurance-industry veteran Brian Duperreault struck a deal to buy billionaire trader Steven A. Cohen’s SAC Capital Advisors LP’s reinsurance business. The deal for Bermuda-based SAC Re Ltd. is expected to close in December, a spokesman representing Duperreault and the investor group said on […]
Tag: SAC Capital
SAC to Keep Managing Money While Facing Indictment
Federal prosecutors and the investment firm SAC Capital Advisors agreed on Thursday to a protective order that requires the firm to keep most of its money in its fund while operating under a criminal indictment, according to a person briefed on the case. The order serves a dual purpose, preserving […]
SAC Capital Advisors Investigation Live
Federal prosecutors are continuing to look for ways to build a criminal case against billionaire trader Steven A. Cohen as they announced criminal charges against his hedge fund on Thursday. Source: Reuters
