Ex-SAC Analyst Named As Alleged Insider-Trader

A former SAC Capital Advisors analyst has been identified as the recipient of a tip in an insider-trading case—a tip that may have earned the hedge fund giant more than $3 million.

The unidentified “tippee 1” in a Securities and Exchange Commission complaint against a suspended Blackstone Group banker is Jonathan Hollander, according to media reports. Hollander worked for nearly four years as a junior analyst at SAC’s CR Intrinsic Investors division before leaving the firm in December 2008.