CR Intrinsic

  • What the office looks like now maybe?


    SAC Puts Ten Days Of Insider Trading Behind It

    So Mathew Martoma: pretty bad investment for SAC, no? He “was unable to generate … winning trades or outsized returns in 2009 and 2010, and did not receive a bonus in either of those years. In a 2010 email suggesting that Martoma’s employment be terminated, an [SAC] officer stated that Martoma had been a ‘one […]

    / Mar 15, 2013 at 3:27 PM
  • saccapitalfleece2-260x234


    SAC Capital Thrilled To Be Paying Largest Fine Ever For Insider Trading

    SAC Capital Advisors LP, the hedge fund run by billionaire Steven A. Cohen, will pay a record $614 million to settle U.S. regulatory claims that two of its affiliates made illegal trades using nonpublic information. CR Intrinsic Investors agreed to pay more than $600 million — the most ever in an insider-trading case — and […]

    / Mar 15, 2013 at 2:48 PM
  • Hedge fund manager Mathew Martoma accused in insider trading case


    Mathew Martoma Has No Idea What The Government Is Talking About

    …vis–à–vis their insider trading charges against him (the former SAC Capital portfolio manager maintained his innocence today, pleading not guilty to turning material non-public information about clinical drug trials passed onto him by his doctor friend into profit). In related news, Martoma failed to give the Feds their Christmas wish, i.e. turning on the Big […]

    / Jan 3, 2013 at 1:42 PM
  • saccpitalparkinglotsnow


    Mr. And Mrs. Mathew Martoma In Surprisingly Good Spirits Considering Someone’s Recent Workplace Drama

    Earlier today, former CR Intrinsic employee Mathew Martoma made an appearance in federal court re: the matter of his being charged with insider trading during his time with the SAC Capital unit. The hearing was merely to set the terms his bail– lenient enough that they allow him to travel throughout Massachusetts, New Jersey, Florida, and parts of New York, though not so generous so as to allow for visits with old friends in the Nutmeg State– with a follow up meeting with the Judge James Cott set for December 26th. Joining Mathew at the courthouse today was his wife, Rosemary, and while we expected brave faces and a united front from the couple, we didn’t expect smiles and jokes for the cheap seats.

    / Nov 26, 2012 at 8:11 PM
  • saccapitalfleece


    CR Intrinsic PM Arrested On Insider Trading Charges Can Take Solace In Knowing He Is Peerless In His Field

    Former SAC Capital Advisors LP portfolio manager Mathew Martoma was charged in what U.S. prosecutors called “the most lucrative insider-trading scheme ever,” netting as much as $276 million while at the hedge fund. Prosecutors in the office of U.S. Attorney Preet Bharara in Manhattan today unsealed a complaint charging Martoma with trading on illicit tips […]

    / Nov 20, 2012 at 11:22 AM
  • Hedge Funds

    SAC Capital Has No Idea What The Wall Street Journal Is Talking About

    Earlier this morning, the Journal reported that certain trades made by SAC Capital’s CR Intrinsic unit were being “examined” by the Securities and Exchange Commission. Specifically, the regulator was said to be “trying to determine whether SAC used inside information to profit from Johnson & Johnson’s 2009 takeover of Cougar Biotechnology Inc.” It was also […]

    / Oct 20, 2011 at 1:54 PM
  • News

    Feds Charge Two Former SAC Capital Traders, One Of Whom Is A Cooperating Witness, Others With Insider Trading

    The individuals who will have their names mentioned at a noon press conference are hedge fund manager Samir Barai of Barai Capital, Barai Capital analyst Jason Pflaum, former CR Instrinsic (a division of SAC) manager Donald Longueuil (most recently with Empire Capital) and former SAC PM Noah Freeman.

    / Feb 8, 2011 at 10:45 AM
  • News

    The FBI Might Go After Jonathan Hollander Or They Might Not

    Last January, analyst Jonathan Hollander’s name was mentioned as possibly having a connection to a Blackstone insider trading case, based on information presented to the government by his former employer, SAC Capital-owned CR Intrinsic. Not much has been heard about Hollander since then, but this morning Reuters‘ Matthew Goldstein reports that he’s actually in the […]

    / Nov 22, 2010 at 9:29 AM
  • News

    Former SAC Analyst Jonathan Hollander May Have Played Role In Blackstone Insider Trading Case

    Apparently it was SAC that brought the 411 to the government. Matthew Goldstein reports: A year ago, federal regulators accused a former Blackstone Group investment banker, Ramesh Chakrapani, of tipping off a friend — referred to as “tippee 1″ in a Securities and Exchange Commission complaint — about the 2006 buyout of the Albertsons supermarket […]

    / Jan 7, 2010 at 4:31 PM

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