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SAC Capital Advisors
November 08, 2013 marks the end of an era. On that day, SAC Capital Advisors — whose founder, Steve Cohen, personified the stereotype of the high-rolling, big-spending elite hedge fund manager — pleaded guilty to securities fraud charges stemming from a long-running Securities and Exchange Commission insider trading investigation into the firm. The Stamford, Connecticut-based company was ordered to pay $1.2 billion in fines and transition into a family office, winding down its remaining business over the next five years. The November fine is in addition to a record $616 million fine SAC paid in March of this year that settled two civil cases with the SEC. Though Cohen has so far only been charged with failure to supervise and has not personally admitted to any wrongdoing, he owns 100 percent of the firm and therefore must front the $1.2 billion bill himself. Don't feel too bad for him, however: Cohen is on track to earn more than...
Back to Hedge Fund 100 Firm Profile RankingSAC Capital Advisors/ $15 billionLocation:Stamford, CT, U.S.A.Founded:19922012 Hedge Fund 100 Rank:No. 242012 Capital:$13.5 billion2011 Hedge Fund 100 Rank:No. 342011 Capital:$12 billionYears on List:12Website:www.sac.comAddress:72 Cummings Point RoadStamford, CT 06902, U.S.A.Phone:203-890-2000Fax:203-823-4200Profile & NewsFirm OverviewNovember 8, 2013, marks the end of an era. On that day
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