SAC Capital
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.
SAC's initial investment style was "trading" oriented. However, the firm has evolved into a multi-strategy, multi-disciplinary, investment management firm emphasizing rigorous research and risk management practices.
SAC's investment strategies include, but are not limited to: Fundamental and Technical Long/Short Equity Portfolios, Global Quantitative Strategies, Fixed Income and Credit, Global Macro Strategies, Convertible Bonds, and Emerging Markets.
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Market Wrap: to Buy Bonds, or Not to Buy Bonds?; BP Gets Drilling Timeout; Moody's Trims H-P; Bids for Knight Begin
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Top 10 for 11/19 - 11/23: SAC Capital Grabs Regulator Attention; Otellini Out at Intel; H-P has $8.8 Billion Oversight; France Gov't Debt Downgraded
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Market Wrap: H-P's $8.8B Oversight; New Housing Starts at 4-Year High; UBS Trader Gets Comeuppance; SAC Capital Under Fire
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Top 10 News Items 11/22-11/26: Numerous Hedge Funds Questioned in Insider Trading Probe, Several Firms Raided; Irish Concerns Spark Renewed Euro Debt-Contagion; Private-Equity Lighting Up the Market
