Tag: sac

SAC Operates In the Shade of Point 72


SAC Operates In the Shade of Hedge Fund Point 72. There used to be a hedge fund called SAC Capital that was shut down by the government because its network of current and former employees kept insider trading with each…

Ex SAC Trader Mathew Martoma Just Lost His Stanford MBA


Hedge fund SAC former  portfolio manager Mathew Martoma is no longer a graduate of Stanford’s business school. A university official told the WSJ that Mathew Martoma does not hold a degree from Stanford Graduate School of Business anymore. Most convicts…

Hedge Funds Effected By SAC Redemptions

Hedge Funds Effected By SAC Redemptions Boris Onefater, who runs hedge fund due diligence and advisory firm Constellation Investment Consulting, said some managers use sub-advisers to bolster areas of trading where a firm is either weak or looking to supplement.…

Hedge Fund News Weeky Recap


Hedge Fund News Weekly Reacap – Hedge fund deals, billionaire managers and investing news of week of May 27th to June 2nd.
Hedge Fund Managers Generate Billions of Returns in Record Start to Year
Hedge fund managers including Chris Hohn, Crispin Odey and Dan Loeb have each generated double-digit returns since the beginning of 2013 according to the The Telegraph reports.

Hedge Funds Pitching at Yankee Stadium


Hedge funds like SAC Capital, JANA Partners, Highbridge and more of the 2.2 trillion hedge fund industry top players made their sale pitch to prospective clients at Yankee Stadium on Tuesday.

Inside SAC Hedge Fund Lots of Big Bets Via WSJ


Closer look in one of the most successful hedge fund SAC Capital run by hedge fund titan Steve Cohen – Big bets built fast. Steve Cohen’s SAC Capital Advisors LP bet big on a firm called Ardea Biosciences Inc. at…

Can SEC Flip Martoma Against Cohen?

Mathew Martoma, a former portfolio manager at a unit of SAC Capital Advisors LP

Can SEC turn Martoma against Cohen? Substantial evidence against Martoma, former portfolio manager of SAC. By Joshua Gallu & Katherine Burton To Bloomberg Prosecutors say Martoma received illegal inside information on the trial of an Alzheimer’s drug being conducted by…

Scandalous Hedge Fund SAC Warns Clients of SEC Probe


Scandalous Hedge Fund SAC issued a warning to clients Wednesday in a conference call. Hedge funds typically communicate with their investors via monthly statements and quarterly letters addressing their performance. Conference calls are infrequently held, but are sometimes scheduled to…

Newest Hedge Funder Reinsurer John Paulson

John Paulson joins hedge funders in the reinsurance business making a  deal with reinsurer Validus Holdings. Dan Loeb’s Third Point LLC set up a reinsurer called TP Re, while Steve Cohen’s SAC Capital has set plans to open up SAC…

Hedge Fund Managers Who Took Home 14.4 Billion in 2011

Hedge funds have had a tough year. Tumultuous markets. Tighter regulations. An insider trading crackdown. But despite the lackluster environment, the top managers still took home $14.4 billion in 2011. Even when returns suffer, the largest hedge funds can collect…