SAC Plans Reinsurer, To Seek $500 Million

Oct 28 2011 | 12:36pm ET

SAC Capital Advisors will join Greenlight Capital and Third Point in the reinsurance business.

The Stamford, Conn.-based hedge fund giant's founder, Steven Cohen, has told clients the firm will launch a Bermuda-based reinsurer next year. Cohen said he hopes to raise $500 million for SAC Re, all of which will be invested in SAC funds.


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    Hedge Funds Care Gala Raises $2 Million For Charity

    Mar 10 2014 | 11:33am ET

    A huge thank you to all of the people who helped make last Thursday’s HFC NY Open Your Heart to the Children Benefit such a success. The charity gala raised nearly $2 million to prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…