News

SAC Capital Invites Investors To Gather ‘Round For A Chat

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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26 Responses to “SAC Capital Invites Investors To Gather ‘Round For A Chat”

  1. Edmond_Dantes says:

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

  2. 2_Small_2_Bail says:

    "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."

    -SAC

  3. Guest says:

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

  4. Special K says:

    Things that make you go Hmmmm…..Here you go Bess – http://www.telegraph.co.uk/culture/art/art-news/9

    • HighFrequencyHater says:

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

      ~ guy that doesn't get sarcasm

  5. John says:

    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.

    • HighFrequencyHater says:

      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.

  6. Guest Investor says:

    Dial in number and passcode please.

  7. Guest says:

    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.

  8. Sean says:

    Good Afternoon folks,

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

  9. guest says:

    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?"

    • S. A. Cohen says:

      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 "

  10. Guest says:

    How does that SAC lunch taste, Marsupial!

  11. Kanye East says:

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

  12. Simon says:

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

  13. SEC says:

    <img src=http://www.dilbert.com/dyn/str_strip/000000000/00000000/0000000/100000/60000/7000/200/167217/167217.strip.gif>

  14. Title Loans says:

    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.

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