A former SAC Capital Advisors portfolio manager was convicted Thursday of helping his company earn more than a quarter of a billion dollars illegally through trades based on secrets about the testing of a potential breakthrough Alzheimer’s drug. A federal jury in Manhattan found Mathew Martoma, 39, guilty on all […]
Tag: Steven A. Cohen
SAC Reassures Clients as Steve Cohen Fights to Stay Open
Steven A. Cohen’s SAC Capital Advisors LP told clients, employees and counterparties that it will stay open for business as the U.S. accused the $14 billion hedge-fund firm of engaging in an unprecedented insider-trading scheme over more than a decade. The government has no plan to freeze fund assets, prevent […]
SEC might take action against SAC Capital Advisors
The U.S. government has told hedge fund titan Steven A. Cohen’s SAC Capital Advisors that it is likely to face civil charges over alleged insider trading at the $14 billion firm, a source familiar with the matter said on Wednesday. The Securities and Exchange Commission issued a so-called Wells notice […]
