Hedge Funds Steven Cohen

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  • Does SAC have a future? Thursday, 25 Jul 2013 | 4:42 PM ET
    Does SAC have a future?

    Andrew Stoltmann, of Stoltmann Law Offices; and Michael Bachner, of Bachner and Associates, discuss what is next for SAC Capital.

  • SAC fires back Thursday, 25 Jul 2013 | 4:40 PM ET
    SAC fires back

    CNBC's Kayla Tausche has the latest developments in the SAC indictment. SAC Capital says they "never encouraged, promoted, or tolerated insider trading."

  • SAC indicted, called 'magnet for market cheaters' Thursday, 25 Jul 2013 | 3:58 PM ET
    Preet Bharara, United States Attorney for the Southern District of New York speaks at a news conference July 25, 2013 about a federal indictment against SAC Capital, the hedge fund run by billionaire Steven A. Cohen.

    Steven A. Cohen's SAC Capital is hit with criminal charges, but the hedge fund manager isn't named as a defendant.

  • Could more indictments be on the way? Thursday, 25 Jul 2013 | 3:05 PM ET
    Could more indictments be on the way?

    CNBC's Bertha Coombs has the latest on charges against Steven Cohen's SAC Capital.

  • SAC vs. US Thursday, 25 Jul 2013 | 2:03 PM ET
    SAC vs. US

    Scott Cohn and Robert Frank of CNBC; Bethany McLean of Vanity Fair; and Jake Zamansky of Zamansky and Associates, weigh in on charges against SAC Capital.

  • Bharara: 'SAC case involved rampant insider trading' Thursday, 25 Jul 2013 | 2:01 PM ET
    Bharara: 'SAC case involved rampant insider trading'

    CNBC's Bertha Coombs breaks down U.S attorney Preet Bharara's indictments against SAC Capital. "Scope of SAC insider trading was both deep and wide" says Bharara.

  • Bharara: SAC case involved rampant insider trading Thursday, 25 Jul 2013 | 1:35 PM ET
    Bharara: SAC case involved rampant insider trading

    Discussing U.S. Attorney Preet Bharara's comments on "money laundering," and the details of the charges to SAC Capital, with CNBC's Scott Cohn and Ron Insana.

  • Bharara: SAC Capital Q&A Thursday, 25 Jul 2013 | 1:20 PM ET
    Bharara: SAC Capital Q&A

    U.S. Attorney Preet Bharara takes questions on the charges against SAC Capital.

  • Bharara on SAC: Illegal trading spanned a decade Thursday, 25 Jul 2013 | 1:07 PM ET
    Bharara on SAC: Illegal trading spanned a decade

    Southern District of NY's U.S. Attorney Preet Bharara addresses the charges to SAC Capital, and why its entities are also being charged. "The scope of illegal trading was deep and it was wide, spanning more than a decade in time," he says. New York FBI Field Office's George Venizelos also speaks.

  • Bharara to speak about SAC charges Thursday, 25 Jul 2013 | 1:01 PM ET
    Bharara to speak about SAC charges

    CNBC's Ron Insana offers insight on the culture at SAC, and what ripple effects the charges to the hedge fund might have on the markets. CNBC's Bob Pisani, Scott Cohn and Bertha Coombs, weigh in.

  • Read the indictment Thursday, 25 Jul 2013 | 9:55 AM ET
    Steve Cohen, chairman and chief executive officer of SAC Captial Advisors LP.

    Indictment document for USA v. S.A.C. Capital Advisors

  • Indictment: SAC set up to encourage insider trading Thursday, 25 Jul 2013 | 9:45 AM ET
    Indictment: SAC set up to encourage insider trading

    Bethany McLean, CNBC Contributor, says the U.S. indictment of SAC implies this was a company where compliance was there in name, but not practice. If you believe what the indictment says, this was a place set up to encourage insider trading, she adds.

  • Charges against SAC Capital expected today Thursday, 25 Jul 2013 | 7:27 AM ET
    Charges against SAC Capital expected today

    CNBC's Becky Quick reports that criminal charges are expected to be filed today against SAC Capital. Founder Steven Cohen is not expected to be charged.

  • SAC Capital to be indicted Wednesday, 24 Jul 2013 | 7:15 PM ET
    SAC Capital to be indicted

    Federal authorities are getting ready to announce a criminal indictment of SAC Capital Advisors. Is this the proper thing to do? Former Federal Prosecutors Thomas Curran, and Mitch Epner, weigh in. Epner says, "this is Captain Ahab and Moby Dick."

  • Damage already done to SAC: Harvey Pitt Wednesday, 24 Jul 2013 | 4:22 PM ET
    Damage already done to SAC: Harvey Pitt

    As of today, SAC Capital has $14.2 billion under management and it continues to invest it, reports CNBC's Kayla Tausche; and former SEC Chairman Harvey Pitt thinks "even if Steve Cohen wins the case, the damage has already been done to the firm."

  • SAC Capital tried to reassure staff Wednesday, 24 Jul 2013 | 2:52 PM ET
    SAC Capital tried to reassure staff

    SAC management is trying reassure the staff the firm will operate normally, reports CNBC's Kate Kelly. The stock is up about 10 percent through mid-July.

  • SAC Capital to face criminal charges Wednesday, 24 Jul 2013 | 7:05 AM ET
    SAC Capital to face criminal charges

    CNBC's Kayla Tausche reports that SAC Capital is likely to face criminal charges. The company stopped cooperating with Federal investigators in late May.

  • Criminal indictment expected for SAC Capital Wednesday, 24 Jul 2013 | 6:13 AM ET
    Criminal indictment expected for SAC Capital

    Jacob Frenkel, Schulman Rogers, discusses what criminal charges are likely to be brought against SAC Capital.

  • Cohen fires back at SEC Tuesday, 23 Jul 2013 | 10:24 AM ET
    Cohen fires back at SEC

    CNBC's Kayla Tausche looks at SAC Capital and Steve Cohen's response to the SEC charges.

  • SAC fires back at SEC Tuesday, 23 Jul 2013 | 7:51 AM ET
    Steven A. Cohen

    SAC Capital sends out a 45-page rebuttal to the charges from the SEC, reports CNBC's Kate Kelly. The firm has gone to great lengths to deter insider trading, according to the letter.