Sac Capital portfolio manager arrested
SAC Capital portfolio manager arrested A senior portfolio manager for one of the nation's largest hedge funds was arrested Friday, accused of joining an insider trading conspiracy that the government said made more than $6 million illegally for the powerhouse investment company founded by billionaire businessman Steven A. Cohen.
A company director was jailed for six years by the Bellville Specialised Commercial Crime Court yesterday for stealing millions of rands she was supposed to invest for clients, notes a report on the IoL site.