Results tagged “SAC Capital” from Dealbreaker
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An Additional Message From Steve Cohen (Demo Included)
Nov 12, 2009, 3:39pm
Posted by Bess Levin
For most of this week, our singular mission has been to defend the most majestic hedge fund in all the land, vis-à-vis the hideous suggestion they may have been tainted by the insider trading scandal du jour. Our message has...
A Follow Up Message From Steve Cohen's Magic Kingdom
Nov 11, 2009, 1:16pm
Posted by Bess Levin
Yesterday, together as a joint effort, we and SAC cleared the most majestic hedge fund in all the land of any possible wrongdoing vis-à-vis the insider trading case du jour. First, the firm conducted its own thorough investigation of the...
A Reminder From Steve Cohen
Nov 10, 2009, 12:35pm
Posted by Bess Levin
The events of last week, wherein the most majestic hedge fund in all the land was implicated in the insider trading scandal du jour, were deeply distressing to us all. While SAC was reviewing the trades in question, and, thankfully,...
Reuters: Choo Beng Lee Was Insider Trading While Working At SAC Capital
Nov 05, 2009, 2:50pm
Posted by Bess Levin
From Matthew Goldstein: Ali Far and Choo Beng Lee, the former hedge fund traders turned government informants in the Galleon insider trading case, have admitted to engaging in illegal insider trading for many years, according to their cooperation agreements....
MARK YOUR CALENDARS
Oct 08, 2009, 3:59pm
Posted by Bess Levin
Saturday, November 21, 2009. Don't ask questions, just do as I say and clear your schedule....
Dear Little Steves
May 04, 2009, 9:56am
Posted by Bess Levin
Performance for SAC Capital International:...
Fat, Idle Fingers Are The Devil's Workshop
Nov 14, 2008, 1:21pm
Posted by Equity Private
With SAC gone mostly to cash and no idiotic traders to berate 15 hours a day, our favorite Steve has had to find other environments to dominate, other minions to tower over (around) and belittle. The Greenwich Planning and Zoning...
Many Lamentations Heard From Hedge Funds
Oct 30, 2008, 11:26am
Posted by Equity Private
It seems a few big players were bitten a bit harder than you would expect by the recent whip-saw action at Volkswagen. Funds including SAC, Och Ziff, Perry Capital, Greenlight Capital, Marshall Wace, Odey Asset Management, York Capital and Glenview...
The Scare At Lehman: Like A Dress Rehearsal For A Run On The Bank
Posted in Lehman, Jul 10, 2008, 4:44pm
Posted by John Carney
Today's scare at Lehman Brothers showed us all what a bank-run would look like. The stock plunged 22% while credit default swaps blew out to deathwatch levels. The basis of the scare were a pair of rumors that started circulating...
LEH Trading Partner Too Big To Let LEH Fail
Jul 10, 2008, 12:35pm
Posted by Bess Levin
So a spokesman for Pimco claims the bond fund continues to trade with Lehman Brothers and Alan Schwartz called from Disneyworld to say nothing is fucked but I needed a little more assurance, the kind that rides in on a...
Who Killed Bear Stearns And Then Laughed About It At Denny's? We're Gonna Go With NO ONE
Posted in Hedge Funds, Jul 01, 2008, 11:25am
Posted by Bess Levin
Bryan Burrough's Vanity Fair article on the downfall of Bear Stearns took nearly 16 pages to get to what most would regard as the mother of all ledes, wherein he casually mentions it is believed that a bunch of hedge...
