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Feds Circling Stevie Cohen And SAC?
Wednesday, November 24, 2010 - 5:05pm | 1132Read More...As the massive insider trading case that is sweeping across Wall Street continues to unfold, it is becoming more and more apparent that the Feds are keenly interested in ensnaring Steve Cohen and his hedge fund, SAC Capital. The genesis of the ongoing investigation appears to be the arrest of...
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Charlie Gasparino Reports on Citadel, Insider Trading, and Steve Cohen
Wednesday, November 24, 2010 - 2:42pm | 102Read More...Fox Business Network's Senior Correspondent, Charlie Gasparino, was just on FBN reporting that the subpoena that was served to Citadel this week may “not necessarily [be] specifically directed to healthcare stocks.” Mr. Gasparino said, “It's not necessarily specifically directed to healthcare...
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SAC Capital Holdings (ACL, DNDN, GENZ)
Tuesday, November 23, 2010 - 3:41pm | 82Read More...SAC Capital run by Stevie Cohen is pretty much almost in every stock, but here is a list put together by Bloomberg, as of September 30. Some of the major holdings in SAC are Dendreon (NASDAQ: DNDN), Genzyme (NASDAQ: GENZ), and Alcon Inc. (NYSE: ACL).
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SAC Capital Gets Government Subpoena
Tuesday, November 23, 2010 - 3:32pm | 39Read More...SAC Capital run by Steve Cohen, has confirmed it has received a government subpoena in a letter to investors. In the letter, SAC says that the subpoena focuses on use of consultants, but it doesn't focus on specific securities.
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Rabbi Pleads Guilty To Blackmailing Steve Cohen
Tuesday, November 2, 2010 - 10:36am | 136Read More...According to Business Insider, a Brooklyn rabbi who blackmailed hedge fund manager Steve Cohen has plead guilty yesterday. His lawyer made a very interesting defense, saying that he simply did it because the SAC Capital founder was "Jewish and ... rich." The lawyer further added, “He merely engaged...
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SAC Capital Lowers Stake in CASY
Tuesday, October 19, 2010 - 4:29pm | 130Read More...According to a Securities and Exchange Filling, SAC Capital is reporting today that is has lowered its stake in convenience store operator Casey's General Stores, Inc. (NASDAQ: CASY). SAC Capital has a 7.6% stake, which is now 6.2%. Shares of CASY ended the session lower by 0.54%, trading at $42....
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Steve Cohen Interviewed By Vanity Fair
Wednesday, June 2, 2010 - 11:20am | 351Read More...In only his second interview ever, reclusive trader Steve Cohen told Vanity Fair's Bryan Burrough that he would like to find an exit strategy from his day to day responsibilities at SAC Capital, his $16 billion hedge fund group. Cohen started SAC in 1992 with $25 million under management. Many...
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Hedge Funds Lose Most Last Month Since Lehman Aftershock
Tuesday, June 1, 2010 - 10:40am | 209Read More...According to an article in Business Week, hedge funds had their worst month since after Lehman Brother's bankruptcy in the fall of 2008. The Dow Jones Industrial Average posted its worst May performance since 1940. On average, hedge funds lost 2.7% through May 27, representing the worst monthly...
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Dendreon Surging On High Volume (DNDN)
Tuesday, April 6, 2010 - 10:58am | 257Read More...Shares of Dendreon (NASDAQ: DNDN) are moving higher on above average volume this morning. The stock has gained 5.05% to $40.12 this morning in early trading. A total of 2.25 million shares have already changed hands compared to a daily average of 4.06 million. In the last month alone, DNDN has...
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Trend Following: Consider Getting Short The Euro And Treasuries (FXE, TLT, TBT)
Friday, March 26, 2010 - 2:20pm | 607Read More...Two trends that have been working for awhile now are being short the Euro, and short U.S. treasuries. Although both of these trades are crowded, there is a good chance that short positions in these assets will continue to pay off. There is no doubt that the wolves are circling around the European...
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A Look Into Hedge Fund Legend Steven Cohen's Offices (AIG, BWLD, AA)
Friday, February 26, 2010 - 1:53pm | 308Read More...The man, the legend, Steven Cohen was recently interviewed by Bloomberg in the Stamford office of SAC Capital. Bloomberg found a lot of interesting facts about what it is to work in their offices. First off, when you walk into the offices you notice the temperature is kept at exactly 69 degrees. He...
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Hedge Funds Distance Themselves From SAC Capital
Monday, December 28, 2009 - 10:34am | 127Read More...Hedge funds are trying to distance themselves as much as possible from SAC Capital, which is under the FBI’s scanner for insider trading, if rumors are to be believed. SAC Capital, a short selling hedge fund, is being watched along with two other short selling hedge funds Kynikos Associates and...
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Steve Cohen Video At NYPOST.COM
Tuesday, December 22, 2009 - 2:43pm | 126Read More...In 1992, reclusive SAC Capital founder Steve Cohen, reputed to be the most powerful trader on Wall Street in a 2003 Business Week article, appeared on a talk show with his current wife to discuss his previous marriage. In the video, Cohen's current wife, Alex, says "before we got engaged, we broke...
