Displaying all articles tagged:

Sac Capital

  1. white men with money
    Steve Cohen Gets Away: ‘Why Did Preet Wuss Out?’The big fish of the hedge-fund world escapes prosecution.
  2. catch me if you cohen
    Steve Cohen’s ‘Cheater Magnet’ Hedge Fund Has a New NameIt’s not Metta World Fleece.
  3. crimes and misdemeanors
    Steve Cohen Partied Through SAC Capital’s Criminal IndictmentOr right after it, anyway.
  4. the stamford massacre
    It’s Doomsday for SAC CapitalSteve Cohen’s mega-fund may not survive its grand jury indictment.
  5. catch me if you cohen
    Hedge-Fund Billionaire Steve Cohen Had a Week of YOLOThe ups and downs of Greenwich’s man of mystery.
  6. Hedge Fund Tycoon Steve Cohen Is ‘Happy’ to Part With $600 MillionAt least it’s just money.
  7. SAC Capital’s Outlook Settings May Save It From DoomThe magic of auto-delete reveals itself.
  8. catch me if you cohen
    SAC Capital Is Girding Its Gold-Plated Loins for S.E.C. ChargesSteve Cohen’s hedge fund says it got a Wells Notice from the S.E.C.
  9. careless whispers
    SAC Capital Eyed in SEC Probe of Biotech DealThe circling sharks get closer to their prey.
  10. careless whispers
    The Mets Pick a Preferred Bidder … Not Named Steve CohenCongressional investigation into SAC Capital ramps up.
  11. careless whispers
    The Softer Side of Steve Cohen’s Life of LeisureHe finds the Dutch Masters dark and ugly.
  12. careless whispers
    The Mets Try to Get Out of Bed With Steve CohenBreakups are all about perception.
  13. careless whispers
    Steve Cohen Will Not Be ‘Distracted’ by an ‘Intensifying Probe’Steve’s “pretty confident” he’s not getting charged with insider trading.
  14. bad good timing
    Steve Cohen Picked the Perfect Time to Auction His Warhol of Elizabeth TaylorNow!
  15. stool pigeons
    Wife of SAC Capital Executive Caves to CopsHedge-fund wife gives up husband; admits wrongdoing.
  16. swimming with sharks
    Federal Investigators Circling Steve CohenSAC Capital gets a subpoena.
  17. ballsy crimes
    Rabbi Found Guilty of Trying to Extort Steven CohenMilton Balkany will go to jail.
  18. steve cohen
    Will Steve Cohen Settle Now?Beware “the Wharton Mafia.”
  19. white men who look jolly but actually aren’t
    Steve Cohen Had His Reasons for Giving an Interview to Vanity FairAnd it had less to do with clearing his good name than showing off his good side.
  20. love everlasting
    Steve Cohen’s Ex-Wife Demands ‘a Substantial, If Not Controlling, Interest’ in SAC CapitalWhy not ask for the whole thing?
  21. it’s complicated
    Steve Cohen’s Ex-Wife Is Being Sued by the Lawyer She Hired to Sue HimPatricia Cohen’s legal crusade against her billionaire ex just got more complicated.
  22. white men who look jolly but actually aren’t
    Steve Cohen Breaks Up Long Periods of Meaness With Hilarious JokesIt’s not all fear and shivering at SAC Capital.
  23. ballsy crime
    Rabbi Accused of Trying to Extort Millions From Mysterious ‘Connecticut Hedge Fund’Hmmm, which one, we wonder?
  24. doing what the part requires
    Forget Oliver Stone: The Good Guy Will Show You the Real Wall StreetWith some kissing scenes with the girl from the ‘Gilmore Girls’ interspersed, obviously.
  25. awesome things
    Steve Cohen’s Ex-Wife Drops LawsuitWell, mission accomplished, anyway.
  26. white men with money
    Reuters Editors Increasingly Testy Over Hedge-Fund Story QuestionsThey didn’t kill a story about Steve Cohen just because he asked, okay?
  27. white men with money
    Another SAC Employee Accused of Insider TradingMore bad news for Steve Cohen’s hedge fund.
  28. merry christmas
    The World’s Most Secretive Hedge-Fund Manager Once Went on TV to Talk About His RelationshipSteve Cohen and his ex-wife discussed their relationship with famed hostess Christina.
  29. white men with money
    More Negative Attention for Steve CohenThe SAC Capital’s ex-wife accuses him of racketeering, wants $300 million.
  30. real estate porn
    Steve Cohen’s Son Saddled With Subpar PadDad only laid out $2.7 million for junior.
  31. company town
    Stevie Cohen Could End Up in a PickleNo, not in the Damian Hirst sense, though that would be amazing: The art-loving SAC Capital Management CEO could have some problems with the SEC if he’s not careful. Plus! An ex–Bear CEO jumps ship at JPMorgan, Natalie Portman’s apartment goes on the block, and Condé Nast has a green issue, in our daily rundown of industry news.
  32. white men with money
    There’s No Crying in Hedge Funds (or, There Shouldn’t Be)Poor Mark Fishman. His Stamford-based hedge fund, Sailfish Capital Partners, exploded spectacularly last month, culminating in an ugly shouting match between Fishman and his founding partner, Sal Naro, and the loss of billions of dollars. (“It’s basically mayhem,” one insider told FinAlt at the time.) Bummer, yes. But did the former SAC golden child have to cry about it, in public? Quoth the Gray Lady: On Monday Mr. Fishman, 47, sat in the paneled Princeton Club of New York, explaining what it was like to battle the markets—and lose. “It feels like someone has died,” Mr. Fishman told The New York Times, his eyes welling up. “We’ve disappointed people, and there is no one more disappointed than me.” It’s not that we don’t feel sad for Fishman, who has clearly been humbled by his losses. “It’s that sad dawning when you realize the market is so much bigger than you are,” he told the Times. Also, we appreciate the fact that after working at SAC for seven years he remains human enough to cry actual tears. But, dude: Crying in front of a reporter is okay when you have a limb blown off or, yes, lose a loved one, and it does wonders when you are running for president. But you don’t cry when you are rich and other rich people take some money away from you. Buck up! You still have your big old house in Westport, don’t you? Tough Times for Big-Name Funds [Dealbook/NYT]
  33. in other news
    The Tong SongA New York State judge sealed the sexual-harassment suit filed by former SAC Capital Management trader Andrew Z. Tong against the hedge fund and his former boss, Ping Jiang, to keep “salacious and yet-unproven” allegations under wraps, but the weird details keep trickling out. For those who are just tuning in, Tong claims that Jiang, a senior trader at SAC, encouraged him to take estrogen pills and wear women’s clothing in order to soften his manner and improve his trading skills, and that the combination made him gay — or, at least, gayish enough to stop sleeping with his wife and engage in a sexual relationship with Jiang. Jiang and SAC deny any of this occurred, but yesterday Tong’s lawyer, Gerry Filippatos, told the Post that Tong has both medial reports and “scientific evidence” to corroborate his claims. (We wonder if they’re going to use the Castrated Rat Defense.) Best of all, an SAC trader offered up this unfortunate quote: “Jiang is a great trader and a bright guy whose strategy might have rubbed [Tong] the wrong way.” Heh. He said “rubbed.” ‘Hormone Guy’s’ New Sex Claim [NYP] Earlier: Sacked SAC Trader Alleges Boss Made Him Girlie Man