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Colleague Of Accused Insider Trader Mathew Martoma Called Him A 'One Trick...
Former SAC Capital Advisors portfolio manager Mathew Martoma will be charged today in what is "believed to be the most lucrative insider trading scheme ever," according to a notice from the...
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The Top Stock Held By Each Of The World's 50 Biggest Hedge Funds
Factset's recently released report on the equity holdings of the 50 largest hedge funds also includes a table which shows the top stock held by each fund.Apple is once again the undisputed number one...
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A Former Broker For SAC Capital Gives His Take On The Latest Insider Trading...
I covered the mortgage bond side of SAC Capital in the early 2000s, and I remember half-kidding, half-probing my client about Steven A Cohen’s seeming inability to miss. Back then Cohen’s SAC had put...
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Jim Chanos Slammed Brazil At A Conference This Week
Most people have been buzzing about Jim Chanos this week because of his great call on Autonomy, an HP acquisition that will cost the hardware maker $8.8 billion.But Chanos also spoke at London Ira Sohn...
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Why 2012 Is Turning Into Another Bad Year For Hedge Funds
Some may find this a bit surprising. The magnitude of losses experienced by hedge funds on average during the height of the Eurozone crisis in 2011 was as large as the losses the industry witnessed...
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Judge Orders Argentina To Pay Every Cent It Owes To Hedge Funds
Judge Thomas Griesa didn't give Argentina an inch.In a ruling earlier this week, the New York Judge ordered Argentina to pay out every cent it owes Paul Singer's hedge fund Elliot Management, and other...
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Meanwhile, Here's What's Going On With The Argentine Boat Impounded In Ghana
While the legal battle that prompted its seizure raged, the ARA Libertad still languishes in a Ghanaian harbor.However, there has been movement toward some kind of resolution, MercoPress reports. The...
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Argentina's President Now Has Two Options
It's looking more and more like Argentina will not be able to find a way to avoid paying bond holders through the American judiciary system.So now it has two options — to pay "vulture funds" like Paul...
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First Photo Of Accused Insider Trader Mathew Martoma
Last week, federal authorities charged former SAC portfolio manager Mathew Martoma in what is believed to be "the most lucrative" insider trading scheme ever. He was arrested by FBI agents in his...
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Going From I-Banking To A Hedge Fund? Here's How To Score Your First Interview
With headhunters likely beginning to reach out in December/January, I thought I'd put out a series of posts on making the transition from IB to HF. This one talks about getting that first interview.If...
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The Fate Of Argentina Could Come Down To The Soybean
Let's assume that Argentina absolutely will not pay the "vulture" hedge funds that just successfully (for now) sued the country for $1.3 billion in sovereign bonds.That could mean that the country...
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SAC Received A Wells Notice From The SEC Last Week
Billionaire Steve Cohen's SAC Capital Advisors received a Wells Notice from the Securities and Exchange Commission last week, CNBC's Kate Kelly reports.According the report, the Wells Notice indicated...
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REPORT: SEC Could Extend Claims To Steve Cohen Himself
This headline just breaking from Bloomberg News...SAC SAID TO CONSIDER EXTENDING CLAIMS AGAINST SAC TO COHEN. During a conference call with investors this morning, SAC Capital Advisors disclosed that...
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An Appeals Court Just Granted Argentina The Right To Fight Hedge Fund...
They said it couldn't be done (or that it was highly unlikely).But an Appeals Court has granted the group of bond holders that restructured Argentine debt (exchange bond holders) the right to challenge...
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Argentina's President Basically Just Declared War On New York
Yesterday, Argentina won a substantial victory when a New York Appeals Court ruled that its legal battle with hedge fund billionaire Paul Singer would continue on without the country having to make a...
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BILL COHAN: Is It Even Worth It To Go After Steve Cohen?
Since Mathew Martoma, the hedge fund manager at the center of the biggest alleged insider trading case in history ($275 million) was arrested, speculation has run wild that his boss SAC Capital's Steve...
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Now We Know How Argentina Wants To Resolve Its Battle With Hedge Funds
It seems Argentina is carving out a middle-of-the-road solution in its vicious battle with hedge fund billionaire Paul Singer.Until now, the discussion has always centered around two options: Argentina...
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Here's What Happened On SAC Capital's Conference Call This Afternoon
This afternoon, hedge Fund SAC Capital held its second conference call since a subsidiary hedge fund's manager, Mathew Martoma, was charged in the largest insider trading case in history.The call was...
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The Hedge Fund World Is Furious With The Head Of The SEC Right Now
One of the hedge fund world's favorite parts of the JOBS Act is that one of its measures is to kill the ban on allowing hedge funds to advertise to mom and pop — the solicitation ban.That means they're...
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The True Story Of What An Insider Trading Informant Really Does
Remember David Slaine?In case you need a refresher, he's the Galleon portfolio-turned-informant who led the Feds to Raj Rajaratnam.Today he's the subject of a must-read Bloomberg News piece telling the...
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