Topic - Steven A. Cohen

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  • Mathew Martoma, a former SAC Capital portfolio manager, arrives at federal court, Thursday, Feb. 6, 2014 in New York. The former SAC Capital Advisors portfolio manager was convicted Thursday of helping his company earn more than a quarter billion dollars illegally through trades based on secrets about the testing of a potential breakthrough Alzheimer's drug. (AP Photo/Mark Lennihan)

    Mathew Martoma convicted of insider trading on Alzheimer's drug info

    The former SAC Capital Advisors portfolio manager was convicted Thursday of helping his company earn more than a quarter billion dollars illegally through trades based on secrets about the testing of a potential breakthrough Alzheimer's drug.

  • Mathew Martoma, a former SAC Capital portfolio manager, arrives at federal court, Thursday, Feb. 6, 2014 in New York. A jury is  deliberating the insider trading case against   Martoma. (AP Photo/Mark Lennihan)

    SAC Capital ex-trader convicted of insider trading

    A former SAC Capital Advisors portfolio manager was convicted Thursday of helping the company owned by billionaire Steven A. Cohen earn more than a quarter-billion dollars illegally through trades based on secrets about the testing of a potential breakthrough Alzheimer's drug.

  • Prosecutor: Evidence proves ex-trader's guilt

    An "avalanche of evidence" points to the guilt of a former SAC Capital Advisors hedge fund portfolio manager charged with using inside information to earn his company over a quarter of a billion dollars, a prosecutor told a jury Monday.

  • Insider trading trial of ex-SAC trader opens in NY

    NEW YORK (AP) — A former SAC Capital Advisors portfolio manager got inside information about an Alzheimer's drug trial and made a pivotal phone call to his billionaire boss a day before the hedge fund began dumping more than $700 million in pharmaceutical stocks, a prosecutor told a jury Friday in opening statements at the trader's criminal trial.

  • A visitor looks at the painting "Femme dans un fauteuil" (1927) by Spanish painter Pablo Picasso (1881-1973) in the Kunstmuseum, the art museum, in Basel, Switzerland, on Friday, March 15, 2013. (Associated Press)

    Picasso piece sold for record $155 million

    A billionaire hedge fund manager set a record in the art world by purchasing Picasso's Le Rêve for $155 million — $16 million more than he first agreed to pay right before its previous owner tore a hole in it with his elbow, The Daily Mail reports.

  • Mathew Martoma, former SAC Capital Advisors hedge fund portfolio manager, exits court in New York on Monday. Mr. Martoma was released on $5 million bail after his 12-minute appearance before a federal magistrate judge. His movements were restricted. (Associated Press)

    Suspect in insider trading fraud released on bail

    A former hedge fund portfolio manager accused of enabling a quarter of a billion dollars in profits by passing along inside information in one of the largest insider trading fraud cases in history appeared in a Manhattan court for the first time Monday and was released on $5 million bail, though his movements were restricted.

  • Ex-hedge fund trader charged in $276M insider ploy

    A former hedge fund portfolio manager was arrested Tuesday in what prosecutors called perhaps the most lucrative insider trading scheme of all time _ an arrangement to obtain secret, advance results of tests on an experimental Alzheimer's drug that netted more than $276 million for his fund and others.

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