Posts Tagged ‘SAC Capital
Hedge Funds Report Biggest Monthly Losses Since Lehman Collapse
According to Bloomberg.com, hedge funds lost an average of 2.7 percent in May according to the HFRX Global Hedge Fund Index, as the sovereign debt crisis in Europe prompted declines in stocks, the euro and commodities, and the gap between the yields in U.S. short-term and long-term debt narrowed. This was the biggest decline in [...]
Cohen Family Drama: Ex Seeks Cut of SAC Capital
Two decades after his divorce, Steve Cohen is being sued by his ex-wife Patricia for the second time since December– this time for a “substantial, if not controlling, interest” in SAC Capital, the $12 billion hedge fund he founded and manages. According to an article by New York Magazine, in the first lawsuit, Patricia demanded [...]
Man Group in Talks with GLG, SAC
Man Group, the world’s biggest publicly traded hedge-fund manager, is scouting investments, acquisitions and distribution in the U.S. and has spoken with firms including GLG Partners and billionaire Steven A. Cohen’s SAC Capital Advisors LLP, according Businessweek.com. GLG Partners Inc., which manages more than $22.2 billion in investments, rose the most in more than nine [...]
Meshuga rabbi bungles hedge fund shake down
A prominent Brooklyn rabbi, accused 7 years ago of stealing government grants, was arrested on Thursday for blackmailing a Connecticut hedge fund for $4 million which he allegedly planned to give to two schools he works with (Bais Yaakov and Torah Vodaath). Awww. Gotta love a criminal with a heart of gold. Hope it’s worth [...]
Loading ...