Steven Cohen: Investors won’t bear costs of government investigation into SAC

February 4th, 2011
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In his year-end letter to investors, Steven A. Cohen, the founder of SAC Capital Advisors, announced that investors will not be responsible for any of the costs or losses incurred due to the government investigation into his hedge fund. SAC Capital Advisors has been involved in an insider-trading probe since November 2010. The letter also revealed that Cohen believes the markets in 2011 will be “reasonable.”
See Press Release
For Detailed Investor Profiles on these Investors, click below:
SAC Capital Advisors
Related People: Steven A. Cohen
Related Entities: Canvas Capital; CR Intrinsic Investors; S.A.C. Global Investors; SAC Capital Associates; SAC Meridian; SAC MultiQuant; SAC Select; Sigma Capital Management; Walter Capital Management*
Related Article Tags: Hedge Fund Fraud and Ponzi Scheme News

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