In one of the longest prison sentences for insider trading, SAC's Martoma was also ordered to forfeit $9.38 million by a federal judge in New York.
A federal judge is set to deliver what could be the harshest sentence for insider trading to date.
Jefferies is backing a former senior SAC executive despite its own struggle with insider trading at an internal hedge fund.
Tom Conheeney, the longtime president of SAC Capital, is stepping down from the No. 2 spot at the former hedge fund's successor company, Point72.
Since Steve Cohen's troubles last year with hedge fund SAC Capital, his new stock trading fund Point72 has staged quite a comeback for Cohen, reports CNBC's Kate Kelly.
The $6 billion buyout of Kodiak Oil & Gas is renewing attention on energy firms in North Dakota's Bakken formation.
Cohen proved to be a stickler for the letter of the law when it came to paying the criminal penalty imposed on his former hedge fund. The NYT reports.
Former SAC Capital portfolio manager Michael Steinberg leaves a New York courthouse after he was sentenced to 3-1/2 years in prison on Friday after his late-2013 conviction on insider trading charges. He was also hit with a $2 million fine and ordered to forfeit another $365,000.
According to Institutional Investors' annual "rich list," the 25 highest paid hedge fund managers took home $21 billion in 2013. CNBC's Dominic Chu has the details.
While these may not be the best of times for hedge funds, they're still pretty good for the best of the best.
CNBC's Robert Frank reports on the most expensive home listing and sale in America.
Baseball player Alex Rodriguez appears to have an unusual business counselor: SAC Capital Advisors founder Steve Cohen.
There are so many big names at Milken's annual Global Conference in Los Angeles that billionaires don't automatically get VIP treatment.
Five months after its initial terms were set, a historic criminal settlement between SAC Capital and prosecutors was approved Thursday.
The hiring is part of a broader effort at the family office, which manages company head Steve Cohen's own money alongside that of certain employees and family members
SAC Capital Advisors officially changed its name to Point72 Asset Management and became a family office managing mainly Steven Cohen's money, reports CNBC's Kate Kelly.
Point72 Asset Management, the former SAC Capital, launched Monday with about $9 billion in funds and a year-to-date return of close to 10 percent.
SAC Capital Advisors officially changed its name to Point72 Asset Management and became a family office managing $9 billion to $10 billion of Steven Cohen's money, reports CNBC's Kate Kelly.
CNBC's Kate Kelly speaks to former SAC Capital energy trader Nick Tiller of Sustainable America, about the culture of the hedge fund.
Steve Cohen is mulling an out-of-court resolution to a parallel SEC case in which he himself is the defendant, according to people familiar with the matter.