Hints and tips:
...But the return to a Japan-only industry for dedicated games hardware could more clearly define the console as a commercial cul-de-sac....
...At SAC and at Melvin, Plotkin was known as a low-profile but aggressive trader. He did not focus solely on short selling, and often ran bigger bets on rising share prices....
...British foreign policy has focused on safe policies like development aid, or inward-looking goals such as developing a more diverse diplomatic corps....
...The class-action lawsuit tied to Elan Corp alleged that SAC and Mr Cohen, along with money manager Mathew Martoma, traded on inside information related to a clinical trial of an Alzheimer’s disease drug...
...Mr Cohen’s SAC ballooned from $25m in assets in 1992 to a $15bn enterprise, generating returns of 30 per cent a year....
...After a few research positions, Mr Lee worked for five years as an analyst with SAC before leaving in 2004 to join Stratix Asset Management, a fund run by a former SAC portfolio manager....
...Mr Cohen, who wound down his hedge fund, SAC Capital, after the company pleaded guilty to insider trading charges in 2013, controls 3.8m shares through his investment firm Point 72....
...Sir Francis Tombs, chairman of Rolls-Royce at its privatisation in 1987, had yearned to exit what he called the “single product cul-de-sac” of aerospace....
...When the trial results were announced on July 29 both stocks dropped, earning SAC $276m in profits and avoided losses....
...(Financial Times) News Corp has promised a “fundamental review” of Dow Jones’ institutional business following the recent departure of Lex Fenwick as chief exec of the division, as Rupert Murdoch’s publishing...
...Mr Martoma is charged with trading in advance of the final results of the drug trial, allowing SAC Capital to make $276m in profits and avoided losses....
...When several hedge funds took short positions in Fairfax stock in the middle of the last decade, Mr Watsa alleged dirty tricks and sued Third Point, SAC Capital and Jim Chanos’s Kynikos Associates....
...Zynga shares advanced as much as 4 per cent to $4.67 before paring gains after billionaire investor Steven Cohen of SAC Capital disclosed a passive stake in the company....
...The first stage of SAC’s hiring process was handled by the SAC “business development” department, which sought to build relationships with and recruit SAC PMs and SAC RAs....
...Back in New York, US attorney Preet Bharara’s office this week opened its case against Matthew Martoma, the former SAC Capital portfolio manager who has pleaded not guilty to trading in drug company shares...
...SAC has pleaded guilty and paid $1.8bn to resolve criminal and civil charges....
...The size of Mr Lee’s portfolio suggests he was one of SAC’s most senior traders....
...SAC and its entities have pleaded not guilty and denied any wrongdoing....
...Jon Horvath, the former SAC analyst, said that during the summer of 2007, after a string of losing trades, Mr Steinberg pulled him aside one evening with new marching orders....
...(Financial Times) SAC’s Steinberg asked for ‘proprietary information’, court told: Michael Steinberg, a former portfolio manager with SAC Capital, asked his analyst to get “early, proprietary information...
...(Financial Times) A US judge accepted the guilty plea by SAC Capital and ordered a $1.8bn fine for insider trading to mark the end of a long-running investigation that has forced the once legendary hedge...
...the Elan investments that CR Intrinsic and SAC held....
...If he cruises the Caribbean or flies off to London, an SAC advance team races ahead of him to set up trading screens… - New York Times, A Fascination of Wall St., and Investigators, Dec 2012 Splayed before...
...US prosecutors are closed to a breakthrough in an insider trading case against a former SAC Capital employee after a University of Michigan medical school agreed to give access to certain computer files....
...It comes as the SEC and the Justice Department are investigating trading in several other stocks by SAC. In both settlements, SAC did not admit or deny wrongdoing....
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