• saccapitalfleece


    Things Could Be A LOT Better At SAC Capital Right Now

    Back in October, we detailed a list of things that, if you are the hedge fund manager who goes by the name Steven A. Cohen, you really don’t want to hear first thing in the morning. They included: “The fleeces are on back order”; “Your ex-wife is in the lobby”; “There’s a photographer here who said he’s been authorized to shoot you wearing a king’s robe and crown for a set of playing cards”; “You’ve been outmaneuvered for the Toledo Mud Hens. But I hear the Binghamton Mets may be available.” Today we must update that list to include another thing, perhaps THE thing,* that people delivering news to Cohen don’t want to relay. Paraphrasing but any variants on: “Mr. Cohen, we’ve received a Wells notice and by the way, they’re considering naming you personally.”

    / Nov 28, 2012 at 11:49 AM
  • saccapitalfleece


    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 […]

    / Nov 27, 2012 at 12:22 PM
  • News

    San Diego Pension Fund Not Too Worried About The $1.8 Billion Hole Former Deustche Bank Trader Left In Ex-Employer’s Ass

    What’s a couple billion here or there? NBD, is what it is.

    / Sep 9, 2011 at 2:34 PM
  • News

    Introducing The M.O.O.C.H. System: A Guide To Bagging Big Ones

    As some of you may know, in the post-crisis world, raising capital can be a tricky business, even for hedge funds with impeccable track records. Even more difficult? Getting people to sign on to fund of funds, whose due diligence processes were called into question following the Madoff scandal. Fortunately, there’s still one guy who […]

    / Sep 9, 2011 at 1:37 PM
  • News

    SAC Capital Investor Does Steve Cohen A Favor

    As a result of the Feds’ current attempt to prove insider trading has gone down at certain hedge funds on Wall Street, several shops- some without verdicts of guilt- have been forced to close their doors. Investors saw the fund’s name in the paper in the same headline in which the words ‘insider trading’ appear […]

    / May 31, 2011 at 9:05 AM
  • News

    Third Point Closed To New Investors

    The firm is up to $7.2 billion in assets (from $6.7 billion last month) and needs to get comfortable with that before it can think about taking on any “new relationships.” [AR]

    / May 12, 2011 at 10:36 AM
  • News

    SAC Capital Investors Don’t Give A Rat’s Ass About This Insider Trading Business

    As you may have read in the papers, the government is currently hard at work trying to prove that employees of certain hedge funds on Wall Street are guilty of insider trading. A bunch of firms have been raided, some arrests have been made, friendships have been destroyed, and a few shops have been forced […]

    / Feb 23, 2011 at 1:05 PM
  • News

    Phil Falcone: My Investors Don’t Know Jack

    Way back in September, Phil Falcone held a conference call with Harbinger Capital clients wherein a “defensive” Falcone “expressed dismay that some investors had been talking to the press” and strongly urged them to put a sock in it. Apparently some people either didn’t get the memo or, in retaliation for Phil’s decision to lock […]

    / Jan 21, 2011 at 3:01 PM
  • News

    Any Investors Want To Back This Entrepeneurial Chemist And Drug Dealer Duo?

    As the owner of a construction business, the housing market’s turn for the worst is 2008 spelled trouble for David Llwelleyn. After he was forced to close up shop, Llwelleyn found himself at a crossroads faced by many victims of the recession– take some soulless gig just because it was available and paid the bills […]

    / Nov 1, 2010 at 11:30 AM
  • News

    How To Deal With Needy Investors Demanding Their Money Back

    Yesterday afternoon, Lakewood real estate developer Eliyahu Weinstein was charged with “masterminding” a $200 million scam to defraud investors, starting in September 2005. Along with Vladimir Siforov, Weinstein target Orthodox Jews in his community, “exploiting social and business customs.” And while theirs is not a business model you probably want to aspire to, there is […]

    / Aug 13, 2010 at 2:30 PM

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