10 Updates

Billionaire Steve Cohen’s Cheap Stock Picks

Source: Motley Fool, Dec 12 2012, 9:40pm CST

Meena is a member of The Motley Fool Blog Network -- entries represent the personal opinions of our bloggers and are not formally edited. SAC Capital Advisors may (or may not) be in legal trouble, but billionaire Steve Cohen’s hedge fund is s ...

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Update
10

26 minutes ago

Prosecutors Consider Use of Organized Crime Law Against SAC

Source: Wall Street Journal  |   May 21 2013, 12:39pm CDT

By Michael Rothfeld Federal prosecutors in the insider-trading investigation of SAC Capital Advisors LP are contemplating charging the hedge-fund company as a criminal enterprise, using a powerful legal tool employed ...

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Update
9

2 hours ago

Top Buys by Directors: Jurgensen’s $452K Bet on AIG

Source: Forbes Blogs  |   May 21 2013, 10:10am CDT

The directors of a company tend to have a unique inside view into the business, so when directors make major buys, investors are wise to take notice. Presumably the only reason a director of a company would choose t ...

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Update
8

3 hours ago

The 49 Stocks That The Biggest Hedge Funds Love Most

Source: The Business Insider  |   May 21 2013, 9:23am CDT

After thumbing through the latest quarterly filings from the world's 50 biggest hedge funds, Factset has published its Q1 Hedge Fund Ownership Report. "The 50 largest hedge funds increased their equity exposure by over 5% in Q1 2013," said FactSet's M ...

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Update
7

4 hours ago

Steve Cohen Is Mulling Whether to Throw in the Towel

Source: New York Magazine  |   May 21 2013, 8:20am CDT

SAC Capital billionaire, art-collecting Greenwichian, and stubbornly evasive law-enforcement target Steven A. Cohen has been under investigation for insider trading for five years. Five years! That's a long time. Theoretically, you could ha ...

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Update
6

4 hours ago

Morning Scan: Judgment Day at JPM: DOJ vs. S&P

Source: American Banker  |   May 21 2013, 8:14am CDT

SAC Update: SAC Capital Advisors "is bracing itself for another round of withdrawal requests from investors," Dealbook reports, following the news that Steven Cohen and other executives have been subpoenaed to t ...

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Update
5

4 hours ago

Steve Cohen gets subpoena in US insider trading probe

Source: Christian Science Monitor  |   May 21 2013, 8:10am CDT

The decision by U.S. prosecutors to compel Steven A. Cohen to testify before a federal grand jury about allegations of insider trading at his $15 billion hedge fund is leaving many criminal defense lawyers scratching their heads. In th ...

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Update
4

6 hours ago

David Weidner's Writing on the Wall: Before you blame Cohen, blame yourself

Source: MarketWatch  |   May 21 2013, 6:14am CDT

Want to see how this story relates to your portfolio? Just add items to create a portfolio now: SAN FRANCISCO (MarketWatch) — Wall Street is an enormous pressure cooker. Even in good times, such as the recent bull run of the stock market, the ...

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Update
3

17 hours ago

DealBook: SAC Capital Aims to Stem Investors’ Withdrawal Requests

Source: The New York Times  |   May 20 2013, 7:09pm CDT

The embattled hedge fund SAC Capital Advisors is bracing itself for another round of withdrawal requests from investors after disclosing that it would no longer fully cooperate with the government’s scrutiny of its trading practices. SAC’s ...

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Update
2

18 hours ago

Lines harden between U.S. regulators, hedge fund SAC Capital Advisors

Source: Globe and Mail  |   May 20 2013, 6:14pm CDT

The battle lines in the investigation of a billionaire hedge fund manager are growing starker by the day. SAC Capital Advisors LP , the hedge fund firm run by Steven Cohen, has told its investors that it is no longer fully co-op ...

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Update
1

19 hours ago

SAC Capital May Be Forced To Admit That Its Multiple Convicted Insider Traders Insider Traded

Source: DealBreaker  |   May 20 2013, 6:04pm CDT

What is the point of prosecuting a company? Sometimes they pay fines, that’s something. A criminal conviction against a company may keep that company from doing bad things in the future. As a prosecutor, you get to say “this prosecution proves that no ...

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