SAC Capital Advisors LP, the $14 billion hedge fund run by Steven A. Cohen, plans to hold a conference call with clients tomorrow, according to an investor who asked not to be named because the information is private. SAC executives have reached out to the firm’s largest investors to calm concern about Cohen’s trading in Elan Corp. and Wyeth LLC after prosecutors for the first time tied the hedge-fund founder to a specific transaction at the center of an insider-trading investigation. [Bloomberg, related, earlier]

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Comments (26)

  1. Posted by Edmond_Dantes | November 27, 2012 at 12:29 PM

    Rule #1 – the minute anyone (your wife,child,boss,lover…) tells you 'don't worry…' – start worrying.

  2. Posted by 2_Small_2_Bail | November 27, 2012 at 12:35 PM

    "I'm going to open the call up with a little shout out to Matt. He's taking one for the team here and we all respect him for it. At the end of the day, I made him an offer he couldn't refuse."


  3. Posted by Guest | November 27, 2012 at 12:36 PM

    "Present at the SAC conference call will be Morgan Freeman to clear up any confusion about that whole potential infraction thing"

  4. Posted by Special K | November 27, 2012 at 12:37 PM

    Things that make you go Hmmmm…..Here you go Bess –

  5. Posted by HighFrequencyHater | November 27, 2012 at 12:57 PM

    Good thing that shiny inflatable dog statues will be culturally significant for centuries to come.

    ~ guy that doesn't get sarcasm

  6. Posted by John | November 27, 2012 at 1:12 PM

    Martomo is set for life. He's had 10 months for his lawyers and Stevie's lawyers to strike a deal. $20 million deposited today. $10 million for every year in Club Fed, if any. Just a month's or week's work for Steve.

  7. Posted by Guest Investor | November 27, 2012 at 1:16 PM

    Dial in number and passcode please.

  8. Posted by HighFrequencyHater | November 27, 2012 at 1:20 PM

    The guys is 38 with kids, looking at 20years max; don't think that would work unless you can somehow guarantee a relatively short FPMITA stay.

  9. Posted by Guest | November 27, 2012 at 1:25 PM

    Ladies and gentlemen, I'll be brief. The issue here is not whether we broke a few rules, or took a few liberties with our female party guests – we did.

  10. Posted by PermaGuestII | November 27, 2012 at 1:36 PM


    -former BSC employee

  11. Posted by Sean | November 27, 2012 at 1:39 PM

    Good Afternoon folks,

    This is Steve…..errr… Moderator A, and welcome to todays call.

  12. Posted by guest | November 27, 2012 at 1:40 PM

    Operator: "Our first question comes from Dealbreaker's Matt Levine"
    Matt Levine: "Mr. Cohen, I want to congratulate you on your continued indignance towards these useless insider trading laws and was wondering if you had any need for a very good chart maker or at the very least someone sympathetic to your cause?"

  13. Posted by Guest | November 27, 2012 at 1:47 PM

    How does that SAC lunch taste, Marsupial!

  14. Posted by Alt_EST | November 27, 2012 at 2:16 PM

    Beamers and trades based on material non-public information! That is what Connecticut does!

  15. Posted by Kanye East | November 27, 2012 at 2:19 PM

    "Nothing is fucked here, Dude. Come on, you're being very un-Dude" – Big SACowski

  16. Posted by inlovewithpmco | November 27, 2012 at 2:21 PM

    (212) 720-6130, not sure what time or passcode

  17. Posted by Simon | November 27, 2012 at 2:54 PM

    Is it cold in here, or is it just me?

  18. Posted by Matt's Nervous Mom | November 27, 2012 at 3:00 PM

    This is making me very nervous.

  19. Posted by Chris Brown | November 27, 2012 at 3:03 PM

    Depends if you're the pounder or catcher, no?

  20. Posted by WTF? | November 27, 2012 at 4:26 PM

    3/50 and no toll free #?

  21. Posted by BackRow | November 27, 2012 at 4:48 PM
  22. Posted by The Feds | November 27, 2012 at 5:20 PM

    10 to 20 high minimums

  23. Posted by S. A. Cohen | November 27, 2012 at 5:23 PM

    We need someone with more futures experience.

    I'm very active in the minis, no one dicks around with individual issues anymore….

    Counsel ( interjecting ) "Except for special situations, which brings us this weeks developments "

  24. Posted by guesties | November 27, 2012 at 5:31 PM

    You complete me

  25. Posted by SEC | November 28, 2012 at 3:03 AM

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  26. Posted by Title Loans | September 30, 2013 at 8:44 PM

    publicized events like this gather investors attention and also builds confidence. it a ploy of course to distract investors off of what is to come which can not be good. When they are trying extra hard to look good beware of the bad that is to come basically.