Steven Cohen: Investors won’t bear costs of government investigation into SAC

February 4th, 2011
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In his year-end letter to investors, Steven A. Cohen, the founder of SAC Capital Advisors, announced that investors will not be responsible for any of the costs or losses incurred due to the government investigation into his hedge fund. SAC Capital Advisors has been involved in an insider-trading probe since November 2010. The letter also revealed that Cohen believes the markets in 2011 will be “reasonable.”
See Press Release
For Detailed Investor Profiles on these Investors, click below:
Point72 Asset Management (SAC Capital)
Related People: ; Douglas Haynes (President); Chandler Bocklage*; Peter Nussbaum*; Sol Kumin*; Steven A. Cohen; Ted Orenstein*; Tom Conheeney*
Related Entities: Canvas Capital*; CR Intrinsic Investors*; Cubist Systematic Strategies; EverPoint Asset Management; S.A.C. Global Investors; SAC Meridian; SAC MultiQuant; Sigma Capital Mgmt; Walter Capital*
Related Article Tags: Hedge Fund Fraud and Ponzi Scheme News

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