June 27, 2017

SAC Capital Traders Found Guilty

Before "Man of Steel" and even before SAC Capital was started, juries have been finding defendants guilty throughout the universe.

SAC Capital has been all over the news recently. Besides the art scene, the hedge fund’s manager, Steve Cohen, makes every attempt to avoid the press. The firm settled with the SEC for $500 million related to insider trading allegations. In December, the New York Times had the headline: “SAC Capital Traders Found Guilty.” It […]

What’s the Outlook for Hedge Funds in the Year 2013?

The waters look murky for hedge funds in 2013, especially SAC. Pictured is SAC manager Steve Cohen's reported $8 million artwork, a shark in a tank of formaldehyde.

The market’s direction is anyone’s guess. Hedge fund managers are supposed to add alpha, or value. Their goal is to make better picks than the general market (or their respective index), minimize risk, and thus provide a higher risk-to-reward profile for investors. In 2012, hedge funds that reported their performances returned less to investors than […]

Hedge Funds Get Worthless Research

The Crystal Ball by John William Waterhouse

If hedge funds get worthless research, why would they pay so much for it? Hedge funds are brokerage houses’ best clients. SAC Capital, for instance, is known to pay some of the highest trading and brokerage fees. In return, they expect the best equity research on the street. Goldman Sachs and other prime brokers often […]

Apple Juices Up the Gains of the Biggest Hedge Funds

Apple's inclusion in the biggest hedge funds's basket of stocks has juiced up their returns.

The stock market is on a tear since the beginning of the year. Apple has dominated the headlines by trouncing Wall Street estimates. Its stock has risen 34% in 2012 increasing its market capitalization to over $500 billion. Fortunately for hedge fund managers, Apple makes up some of their biggest stock holdings. Stephen Taub of […]

SAC Capital Insider Trading Rumors Sticking Around

SAC Capital Insider Trading Rumors are Sticking Around

SAC Capital insider trading rumors sticking around, write Jenny Strasburg and Jean Eaglesham in The Wall Street Journal. The hedge fund has been subpoenaed regarding insider trading of former employees and connections over the past year. Wall Street regulators expressed mounting concern about SAC Capital Advisors’ trading over a nine-year period, detailing in dozens of […]

The Best Hedge Fund Managers Bet Against the World

Steve Cohen, SAC Capital's manager, is among the few hedge fund managers to post gains this year.

The biggest and the best hedge fund managers bet against the world to post gains this year, as the competition reels from losses. Included among the winners is SAC Capital, a $14 billion hedge fund run by Steve Cohen. SAC charges the highest fees in the industry of 3% of assets and 50% of gains […]

Asking Blackstone for Money for Your Hedge Fund

Ali Akay sheds some light on asking Blackstone for money for your hedge fund. The former SAC trader is seeking seed money for his hedge fund reports Jesse Westbrook and Saijel Kishan at Bloomberg Businessweek. The hedge fund manager plans to invest in emerging markets. Akay, 34, is in advanced talks with Blackstone to provide […]

SAC Capital Invests in Capital Goods

SAC Capital invests in capital goods, reports Dave Friedman at Wall St. Cheat Sheet. http://bit.ly/p7TP7g SAC is a hedge fund run by Steven A. Cohen in Stamford, CT. The firm has $14 billion under management. SAC Capital’s trading activity accounts for 1% of the daily activity of the New York Stock Exchange. Cohen, one of […]