In the wake of embarrassing revelations about SAC Capital Advisors employees' relationship with members of the Galleon Group, usage of whiteboard markers, and appearances on Spanglish TV programs comes more bad news for the fund and its founder, Steve Cohen: Jonathan Hollander, a 34-year-old former analyst at the $13 billion hedge fund, has been identified as an alleged co-conspirator in yet another FBI insider-trading investigation. According to Reuters, Hollander was on the receiving end of a tip about the 2006 buyout of the Albertsons supermarket chain, which resulted in a series of trades that generated $91,000 in profits for him and his parents, as well as $3.5 million for the firm, which he left just last December.
Exclusive: Ex-SAC analyst caught up in Blackstone insider probe [Reuters]
Related: More Negative Attention For Steve Cohen
The World’s Most Secretive Hedge-Fund Manager Once Went on TV to Talk About His Relationship