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Steve Cohen Is Back: 4 Interesting Facts About The Hedge-Fund Billionaire
Wednesday, May 31, 2017 - 12:30pm | 650Read More...Hedge-fund billionaire Steve Cohen is returning to his trading roots after being involved in one of the biggest insider trading scandals. Cohen, formerly with SAC Capital Advisors, hopes to raise over $20 billion in assets and is planning to launch a new fund in 2018, according to a Wall Street...
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What Steven Cohen Is Doing With His Personal Wealth
Wednesday, February 18, 2015 - 4:42pm | 984Read More...Point72 Asset Management is a group of hedge funds created by Steven Cohen in 2014 to succeed his legendary SAC Capital Advisors. The firm manages his personal assets, as well as those of certain eligible employees. It has a highly diversified equity portfolio, worth about $14.25 billion, with...
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Cohen Increases Stake in Zynga
Friday, March 28, 2014 - 2:19pm | 156Read More...On Thursday night, the SEC disclosed that Steven Cohen, founder of SAC Capital Advisors (SAC), has increased his stake in Zynga (NASDAQ: ZNGA) to 5.3 percent. Steven Cohen increased the total number of beneficially owned shares to 38,694,391, which makes up approximately 5.3 percent of the total...
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Market Wrap For March 7: Markets Cap Off Positive Week With Small Gains
Friday, March 7, 2014 - 5:31pm | 2369Read More...U.S. stocks were mixed as investors continue to follow the standoff in Ukraine and digested February's jobs report which indicated that harsh winter weather could be the culprit behind weakness seen in recent economic data reports. The S&P 500 trading at new all time highs at 1,883.57 but...
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SAC Agrees to Plead Guilty to End U.S. Insider-Trading Case
Monday, November 4, 2013 - 2:00pm | 290Read More...Steven Cohen's SAC Capital Advisors has agreed to plead guilty to all five counts of insider trading, including securities and wire fraud. The firm will pay $1.8 billion," the largest financial penalty in history for insider trading offenses," according to Assistant U.S. Attorneys Antonia Apps and...
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Market Wrap for Thursday, July 25: Facebook Leads Nasdaq Higher; SAC Capital Indicted
Thursday, July 25, 2013 - 4:21pm | 991Read More...The U.S. stock market continued to show strength on Thursday, although most of the session gains were concentrated on the Nasdaq. All three of the major averages closed higher as investors continue to focus on corporate earnings reports, which have by and large been good. One of the major stories...
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Steve Cohen Ups Stake in Genco Shipping (GNK)
Tuesday, September 7, 2010 - 4:36pm | 127Read More...Shares of Genco Shipping and Trading Ltd. (NYSE: GNK) ended the session lower by 4.43%, at $15.96, but are bid higher in the after-hours after word hit the tape that Hedgie Steve Cohen, founder of SAC Capital Advisors, has increased his stake in the company. According to a 13-D filing with the...
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Baby Boomer Hedge Fund Managers Getting Ready to Retire, Hand Over Reins
Wednesday, June 9, 2010 - 7:27am | 144Read More...As the baby boom generation ages and gets ready to retire, hedge fund managers from that generation are grooming successors to take over once they leave, Bloomberg writes. Instead of just shutting down the fund like predecessors, hedge fund managers like Steven Cohen of SAC Capital Partners, Louis...
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SAC's Cohen's Ex-Wife Accuses Him of Insider Trading
Thursday, December 17, 2009 - 8:08am | 90Read More...Steve Cohen, founder of hedge fund SAC Capital Advisors, has been accused, by his ex-wife, of insider trading. Cohen was questioned by the Securities and Exchange Commission on Wednesday, after his former wife, who is suuing him for millions of dollars that she claims he has hidden from her,...
