Billionaire investor Steven A. Cohen's days as a hedge fund manager may be finished with an agreement by his SAC Capital Advisors to plead guilty to criminal charges of insider trading and pay a record $1.8 billion in fines and forfeitures. But Cohen, one of Wall Street's best known traders, has not been personally charged with any crime and will likely continue managing some $9 billion of his own money through a family office once his hedge fund's plea deal is cleared by the courts. SAC Capital is up 1.3 percent in October and up 15.95 percent so far this year, a source familiar with its performance said. If approved by federal judges, the agreement would also resolve civil forfeiture action against SAC and its affiliates.
via Business News - Yahoo Finance http://finance.yahoo.com/news/u-put-sac-hedge-fund-183538444.html
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