Cohen's SAC Capital Discloses 3% Stake in James River Coal (JRCC)
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In a 13G filing on James River Coal (Nasdaq: JRCC), Steven Cohen's SAC Capital disclosed a 3% stake (775,941 shares) in the company. At the quarter ended June 30, 2008, SAC showed a 7,800 share stake in James River Coal. A 13G indicates a 'passive investment'.
SAC is a multi-strategy, private asset management firm founded by Steven A. Cohen. He founded SAC in 1992 with 9 employees and $25 million in assets under management. As of September 2007, the firm had grown to over 800 employees with approximately $14 billion in assets under management. Check out StreetInsider.com's entity page on SAC Capital to track news on the firm in real-time.
James River Coal Company, through its subsidiaries, engages in mining, processing, and selling bituminous, steam, and industrial-grade coal in eastern Kentucky and southern Indiana.
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