Thursday, 29 January 2015
Last updated 11 hours 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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…