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CNBC's Scott Cohn reports the details on a court decision reviving some old allegations against SAC's Steve Cohen. (1:21)
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CNBC's Scott Cohn reports the details on a court decision reviving some old allegations against SAC's Steve Cohen. (1:21)
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Longtime SAC Capital trader Michael Steinberg has been arrested on insider trading chargers. Michael Rothfeld of the Wall Street Journal, has the story.
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March 29- Michael Steinberg, a portfolio manager at Steve Cohen's 15 billion SAC Capital Advisors, was arrested by the Federal Bureau of Investigation at his home in New York City early Friday morning in connection with a long-running insider trading investigation of the hedge fund, a FBI spokesman said.
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Steven A. Cohen is known for his rapid-fire trading style at his hedge fund SAC Capital Advisors. He seems to be taking a similar approach with recent purchases. The NY Times reports.
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SAC's Steven Cohen buys Hamptons property for $60 million, according to The New York Times Dealbook.
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CNBC's Robert Frank reports on what he thinks could be the world's best long-term investment. It's not, however, available to everyone. (3:02)
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The accord "does not preclude the future filing of additional charges against any person, including Steve Cohen, who is not named as a defendant in these cases," George Canellos, acting director of the SEC enforcement division, said on a conference call.
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The accord "does not preclude the future filing of additional charges against any person, including Steve Cohen, who is not named as a defendant in these cases," George Canellos, acting director of the SEC enforcement division, said on a conference call.
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The civil insider trading probe that has dodged legendary hedge fund manager Steve Cohen for years is now over, reports CNBC's Scott Cohn.
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This is by far the largest insider trading penalty ever, reports CNBC's Scott Cohn.
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CR Intrinsic Investors is paying more than $600 million to settle an insider trading case, reports CNBC's Scott Cohn.
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Citigroup and Blackstone were among the parties that pulled money from SAC this quarter, reports CNBC's Kate Kelly.
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CNBC's Kate Kelly reports SAC Capital suffered $1.68 billion in Q1 redemptions, and just over $1 billion in redemptions will come out over the next 3 quarters; and Mike Santoli, Yahoo Finance, offers insight on whether recent M&A action means the market is cheap.
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The FMHR traders debate their take on Cisco ahead of the company's earnings release tonight; and CNBC's Kate Kelly reports on a development in the government's case against SAC Capital.
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SAC capital cannot lose more than $1.5 billion in Q1 redemptions, reports CNBC's Kate Kelly
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Helped by start-ups in and around Toronto's financial district, the Canadian industry is estimated to manage more than C $30 billion, up from about $15 billion four years ago.
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*UK retail stocks top shorts in FTSE 250. LONDON, Jan 16- Hedge funds are betting that a prolonged consumer squeeze and a further shift to online shopping could spell trouble for Britain's retail chains, and are targeting some of its best-known electrical, clothes and supermarket stores.
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LONDON, Jan 2- The entry of new investors like hedge funds into the reinsurance market is likely to keep prices mostly flat when European customers renew policies in January, despite the industry's losses from superstorm Sandy, broker Willis Re said.
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*House Republicans could force confrontation with Senate. The bill drew overwhelming support from Republicans and Democrats alike in the Senate when it passed by a vote of 89 to 8. But Majority Leader Eric Cantor, the No. 2 Republican in the House, told reporters after huddling with other Republicans that he does not support the measure.
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Taxes on families making more than $450,000 would increase. WASHINGTON, Jan 1- Washington's last-minute scramble to step back from a recession-inducing "fiscal cliff" shifted to the Republican-controlled House of Representatives on Tuesday after the Senate approved a bipartisan deal to avoid steep tax hikes and spending cuts.