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SAC Capital Announce Largest Holding in Yahoo
Wednesday, July 30, 2014 - 2:44pm | 41Shares of Yahoo (NASDAQ: YHOO) jumped over three percent after actives investor Steve Cohen's fund SAC Capital announces it its largest holding, making nearly two percent of SAC Capitals total portfolio.
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Wall Street Gears Up For 13F Filings
Thursday, May 15, 2014 - 1:47pm | 412Traders on Wall Street will be whale watching on Thursday, as 13F filings from the likes of high-profile players such as Warren Buffett, Bill Ackman and David Tepper will be hitting the newswires. A 13F is an SEC-required document that all institutional investment managers with over $100...
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SLIDESHOW: Whale Watchers Pile In As Hedge Funds File 13Fs; Many Funds Showing QoQ Declines
Thursday, August 15, 2013 - 12:02pm | 146Wednesday marked the last day Wall Street's hedge-fund managers could have filed their 13Fs for the latest quarter. "Whale watchers," a term coined by financial media sources for those who love to following these high-profile traders into positions, have been tuned into the SEC's EDGAR website...
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Feds Targeting SAC Capital's Steve Cohen?
Tuesday, November 27, 2012 - 9:48am | 1988Yet another former employee of SAC Capital was indicted on insider trading. On Tuesday, U.S. Attorney Preet Bharara's office charged former SAC Capital portfolio manager Mathew Martoma in a $276 million insider trading case -- the largest of its kind. The alleged nefarious trading took place in...
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Feds Circling SAC Capital; Mathew Martoma Goes Down in $276 Million Insider Trading Sting
Wednesday, November 21, 2012 - 6:59pm | 1512Another bombshell dropped on Tuesday in the sprawling insider trading investigation being run out of Preet Bharara's office. The U.S. Attorney for the Southern District of New York unveiled an indictment against former SAC Capital portfolio manager Mathew Martoma accusing him of trading on inside...
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Former SAC Capital Trader Mathew Martoma Charged with insider Trading by SEC
Tuesday, November 20, 2012 - 11:53am | 83Earlier, CNBC reported that Mathew Martoma had been arrested by the FBI on allegations of running an insider trading scheme. Reportedly, Martoma made some $276 million off the scheme -- perhaps the most profitable insider trading scheme ever. According to Reuters, Martoma had previously worked...
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Former SAC Capital Analyst Horvath Pleads Guilty to Insider Trading
Monday, October 1, 2012 - 3:00pm | 517A former technology analyst at Steve Cohen's hedge fund, SAC Capital Advisors LP, has pleaded guilty to charges that he took part in an insider trading ring. Joe Horvath, 42, faces a maximum sentence of 45 years in prison and could be deported, as he is a Swedish citizen. He pleaded guilty to one...
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Global X Files For "Air Jordan" ETFs (QAI, SIL, URA)
Monday, March 26, 2012 - 10:15pm | 442Global X, the New York-based ETF issuer known for its unique and often first-to-market emerging markets and sector ETFs, has filed plans with the Securities and Exchange Commission to possibly introduce a quarter of unusual ETFs designed to offer investors exposure to various hedge fund and value...
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Feds Still After Stevie Cohen...
Wednesday, October 26, 2011 - 1:28pm | 918The rumors keep swirling around Steve Cohen and his massive hedge fund SAC Capital. The latest story details dozens of confidential reports about suspicious trading ahead of market moving moving news. According to the Wall Street Journal, FINRA, a self regulating agency for securities firms, has...
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Bernie Madoff Responds To Charlie Gasparino's Fox Business Network Story
Wednesday, August 31, 2011 - 4:08pm | 702Convicted Ponzi scheme architect Bernie Madoff responded to FOX Business Network's Charlie Gasparino's story which pointed out the lies that Madoff continues to spin from his prison cell. Madoff's response came via “lengthy and somewhat rambling emails,” in which he not only refuted Gasparino's...
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Bernie Madoff Tells Fox Business Network He's A Victim Of Wall Street
Friday, August 26, 2011 - 9:36am | 1044During a six-week long interview process, convicted Ponzi scheme architect Bernie Madoff discussed his crime, insider trading on Wall Street, life in prison and his family relations with FOX Business Network's (FBN) Charlie Gasparino. Madoff states that insider trading “goes on at every major firm'...
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SAC Capital Just Got Smashed On Its Dendreon Position!
Wednesday, August 3, 2011 - 7:50pm | 524The big story in Wednesday's after hours trading session is the annihilation of one-time biotech darling Dendreon (NASDAQ: DNDN) after the company reported its second quarter earnings results. It didn't go so well...the stock is down 62% in late trading! No one wants to see this (except the shorts...
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Fox Business Network Reporting SAC Capital Is "Weathering Government Probes"
Monday, May 23, 2011 - 2:36pm | 110FOX Business Network (FBN) Senior Correspondent Charlie Gasparino reports that despite government probes into SAC Capital for insider trading, they “continue to take in assets despite these investigations.” Sources tell Gasparino that SAC “has raised 1.5 billion dollars since mid 2010” when the...
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Fox Business Network Reports SAC Capital Founder Steve Cohen Is Fairly Confident He Will Not Be Indicted For Insider Trading
Tuesday, May 10, 2011 - 2:47pm | 143FOX Business Network (FBN) Senior Correspondent Charlie Gasparino reports that hedge fund manager and founder of SAC Capital Steven Cohen is “not distracted” by the Justice Department's “intensifying probe” into the company on allegations of insider-trading. Gasparino reports that Cohen feels “...
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Feds Circling Stevie Cohen And SAC?
Wednesday, November 24, 2010 - 5:05pm | 1132As 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...