SAC

  • News

    Inadvertently Shorting Into A Deal As Gateway Crime

    Mary Jo White was the top federal prosecutor in New York City during Bill Bratton’s first run as the Big Apple’s top cop, and she learned a few lessons from his “broken windows” theory: Clean a place up a little, and throw the fucking book at the street urchins who are messing things up with […]

    / Sep 17, 2014 at 1:00 PM
  • The other way to go here is obvs shirtless Brad Pitt

    News

    Ringleader Of Insider-Trading “Fight Club” Didn’t Want Any Sarcastic Comments With His Inside Information

    I suppose in like 1985 there were people who worked on Wall Street and un-self-consciously ate cheeseburgers for breakfast, got shoeshines at their desks, went to strip clubs every night, and slammed down their phones hard enough to break them, but my assumption is that in 2013 any remaining “stereotypical Wall Street behavior” is mediated […]

    / May 3, 2013 at 5:58 PM
  • Not to scale. In particular this may not fully reflect the statute of limitations.

    Hedge Funds, News

    SAC Can’t Even Put Ten Days Of Insider Trading Behind It

    Once upon a time there was a settlement between the SEC and Citigroup over some bad stuff that Citi did, or maybe did, since the settlement did not require Citi to admit any guilt. But then the judge overseeing the case, Jed Rakoff of the Southern District of New York, bravely stood up and said: […]

    / Apr 1, 2013 at 10:48 AM
  • ehh whaddarya gonna do

    News

    Everybody’s Jumping On The Insider Trading Bandwagon

    It’s a tribute to Steve Cohen’s prescience/power/something that, on what is otherwise not a great day for SAC on the insider trading front, the rest of the news in the world is all pretty much “everybody is insider trading everything all of the time,” so, like, leave Steve alone! Today brings some old-fashioned mustache-twirling insider […]

    / Nov 28, 2012 at 4:48 PM
  • Steve Cohen's head

    Hedge Funds

    Investors Don’t Want Their Hedge Funds To Get Caught Insider Trading

    Every publication today ran a story about how SAC investors are harrumphing around about pulling all their money out of SAC since the words “SAC” and “insider trading” seem to keep showing up in the same sentence and that sentence is sort of miscellaneously bad. Here is my favorite harrumph: “Patience will be wearing thin […]

    / Nov 26, 2012 at 6:31 PM
  • News

    Eddie Lampert Takes 15 Percent Beating This Month

    Last week, we told you about certain Tiger Cubs that were having a rough go of it this month. Today, we get some updated numbers thanks to Hedge Fund Alert. Eddie Lampert is taking a beating, off 15 percent this month.

    / May 26, 2010 at 2:39 PM
  • News

    ‘Why Would We Even Consider A Woman?’

    Them, too.They may not be as “cute” or “sexy” as Andy T. in a schoolgirl outfit but the three-year-old letter from Tong’s lawyer to SAC Capital has couple of other fun tidbits. First, of course, there’s the market-manipulation stuff. Reuters has that covered (click and scroll down), so we’ll move on to the character assassination. […]

    / Dec 4, 2009 at 2:35 PM
  • News

    Steve Cohen Spits In Ken Lewis’s Face

    Will the indignities heaped upon Bank of America never end? It can’t find anybody who is willing to step into the considerable–if dirty–shoes of the inimitable Ken Lewis. Its former CFO just got canned for helping to run GMAC Financial Services into the ground. And now, hedge funds are running as fast as they can […]

    / Nov 17, 2009 at 8:22 AM
  • News

    Cash Is King

    Reputation is everything, it seems. So while others are closing shop, the likes of SAC, Greenlight, Elliott Management and Brevan Howard Asset Management have raised billions. Of course, Stevie Boy isn’t taking money until January, since his idiot portfolio managers forced him to close most of SAC’s operations in disgust earlier this month. Just a […]

    / Oct 30, 2008 at 8:05 AM

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