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: Steven Cohen
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
SAC Capital up 4 percent this year as probe continues
Hedge fund titan Steven A. Cohen’s SAC Capital Advisors has gained about 4 percent this year, beating the industry average at a time the $15 billion fund is still very much in federal investigators’ crosshairs. An investor with the Stamford, Connecticut-based fund said the firm’s flagship portfolio had risen about […]
