Sunday, 24 July 2016
Last updated 1 day ago
Jul 30 2013 | 10:06am ET
His hedge fund was indicted for fraud on Thursday. On Friday, it pleaded not guilty.
On Saturday, SAC Capital Advisors' Steven Cohen threw a party.
In spite of the insider-trading charges that threaten his 21-year-old firm, Cohen moved ahead with the previously-planned affair, Reuters reports. The event was intended to show support for ovarian cancer research, although it was not a fundraiser.
A few dozen people attended the evening party at Cohen's home in East Hampton, N.Y., where they shared $2,000 worth of tuna delivered by a local fishmonger.
The same determination to keep SAC up-and-running was behind Cohen's decision to not cancel the party, according to Reuters sources.