Unstructured Finance

Sotheby’s and a tale of two hedge fund managers

October 15, 2013

Hedge fund manager Steve Cohen’s reported plan to sell a number of valuable artworks may not only deliver a nice chunk of change for the Wall Street mogul, it may also provide gains for another rival manager.

For SAC employees, it’s not any given Thursday

July 25, 2013

By Katya Wachtel and Peter Rudegeair

At SAC Capital Advisors’ sprawling Stamford, Connecticut headquarters on Thursday morning,  security guards barred reporters from getting too close to the office building, holding them to an intersection a few hundred yards from the driveway.

SEC vs. SAC give rise to many legal theories

July 22, 2013

It seems everyone has their own pet theory about why the SEC chose now to move against hedge fund titan Steven A. Cohen after years of being part of the hunt along with the FBI and federal prosecutors.

The new guy sitting at Steve Cohen’s side

January 5, 2012

By Matthew Goldstein

SAC Capital industrials trader Charles Simonian is getting a new job–one that’s very close to Steve Cohen.

SAC Capital: a look back in time

December 28, 2011

By Matthew Goldstein

The full year numbers aren’t in, but it appears Steve Cohen’s SAC Capital had a pretty good year–especially compared to most other long/short equity hedge funds which lost money. But how does this year’s 8% gain stack-up against other strong years posted by the Stamford, Conn. hedge fund?

The guy who is killing it at SAC Capital

December 23, 2011

By Matthew Goldstein

Move over Steve Cohen. The trader who is killing it at Cohen’s $14 billion SAC Capital Advisors this year is Gabriel Plotkin.

John Thaler’s JAT thaws some more in December

December 22, 2011

By Katya Wachtel

John Thaler’s hedge fund, JAT Capital, had a meteoric rise through much of 2011, generating a 38 percent return at its peak in early September.  Since then, Shumway Capital alum has ebbed, though he’s still beating a ton of his competitors.

Steven Cohen in his own words

December 14, 2011

By Matthew Goldstein and Jennifer Ablan

The thing about deposition excerpts—even lengthy ones—is that some of the tantalizing material gets left on the cutting room floor. And that’s certainly the case with hedge fund billionaire Steve Cohen’s two-days worth of  testimony in the long-running Fairfax Financial litigation.

Morning line-up

January 13, 2010

News and views on the hedge fund sector from Reuters and elsewhere:

tea.jpgEx-Centaurus HK chief starts new fund - Bloomberg

Reprieve for Cohen? – Reuters

Hedgies’ impact on energy trading – Commodities Now

Investors pour in billions – Reuters

Citi taps the UCITS rush – FINAlternatives