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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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Steve Cohen Ups Stake in Genco Shipping (GNK)
Tuesday, September 7, 2010 - 4:36pm | 127Read More...Shares of Genco Shipping and Trading Ltd. (NYSE: GNK) ended the session lower by 4.43%, at $15.96, but are bid higher in the after-hours after word hit the tape that Hedgie Steve Cohen, founder of SAC Capital Advisors, has increased his stake in the company. According to a 13-D filing with the...
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George Soros Slashed Equity Exposure By 42% In Second Quarter (WMT, JPM, PFE)
Tuesday, August 17, 2010 - 2:57pm | 411Read More...In my opinion, George Soros is one of the best traders of all time, along with Stevie Cohen of SAC Capital. Paul Tudor Jones likely falls somewhere not too far behind those two legends. The best investor list would be headed up by Warren Buffett - no big surprise there. Why is any of this relevant...
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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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Benzinga's Exclusive Interview with Tom DeMark of Market Studies
Tuesday, May 25, 2010 - 1:13pm | 2902Read More...Tom DeMark, developer of the world-renowned DeMark Indicators, answers some questions for Benzinga readers. The DeMark Indicators are among the most widely-used market timing tools out there, and have a strong presence on Bloomberg, CQG, Thomson-Reuters and more. DeMark has been a student of the...
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Record Pay For Hedge Fund Managers In 2009 (GLD, AU)
Thursday, April 1, 2010 - 12:20pm | 538Read More...The incredible rally in equity and credit markets in 2009 has translated into some jaw-dropping earnings figures for the world's top hedge fund managers. In fact, it is a record. The top 25 managers brought in a collective $25.3 billion. These figures include both the estimates of each money...
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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...
