Tuesday, 22 July 2014
Last updated 16 hours ago
Apr 5 2013 | 10:27am ET
SAC Capital Advisors founder Steven Cohen moved this week to elaborate on his purchase of a famed Pablo Picasso painting for a record price.
Cohen didn't buy the Picasso as his firm's $616 million settlement was being negotiated or in its immediate aftermath, his art adviser said, but in early November, prior to the arrest of former SAC portfolio manager Mathew Martoma on insider-trading charges and the Securities and Exchange Commission's lawsuit against the firm.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…