Cohen's SAC Capital Builds 5% Stake in Jean Maker True Religion (TRLG)
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In a 13G filing on True Religion Apparel Inc. (Nasdaq: TRLG), Steven Cohen's SAC Capital disclosed a 5% stake (1,838,886 shares) in the apparel maker. The firm held 44,476 shares at the quarter ended 12/31/07.
True Religion Apparel, Inc., through its wholly owned subsidiary, Guru Denim, Inc., engages in the design, development, manufacture, marketing, distribution, and sale of denim jeans and other apparel for men, women, and children.
SAC is a multi-strategy, $14 billion hedge fund founded by Steven A. Cohen in 1992. [LJ]
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