Investors in SAC Capital redeemed $1.68 billion Thursday, according to people familiar with the matter, a nod to a raft of legal issues that have embattled the hedge fund in recent months since a new government insider-trading case raised questions about founder Steve Cohen’s potential involvement in illicit activity. SAC […]
Tag: SAC Capital
Ex-SAC fund manager indicted in insider trading scheme
Federal prosecutors on Friday lost one opportunity to build a case against hedge fund manager Steven A. Cohen when a grand jury indicted one of Cohen’s former employees on charges related to an insider trading scheme, severely reducing the possibility he would cooperate as a witness against Cohen. The grand […]
