SAC Capital Advisors LLC

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SAC Founder Considers Stepping Down
Veteran hedge-fund manager talks about hanging up his investing spurs within the next 12 months.

SAC Capital Advisors LLC Company Profile


SAC Capital Advisors is is one of the largest and most successful hedge funds in the U.S. Founded by Stephen Cohen in 1992, SAC is a multistrategy hedge-fund manager with offices in Stamford, Conn., New York, San Francisco, Boston, London and Hong Kong.

Cohen is reportedly worth $8 billion, putting him among the richest Americans, according to Forbes magazine. Cohen has also popped up on Art News magazine's Top 10 list of big-spending art collectors. Work he has bought can be found at the Stephen Cohen Gallery in Los Angeles. While SAC remains on lists of top hedge funds -- most importantly, those maintained by major Wall Street brokerages that determine the service level that the brokerages give to the funds.

SAC has become one of the best-known hedge funds in the U.S. SAC was recently in the spotlight when Cohen's ex-wife sued him and accused him of insider trading in the 1980s as part of a long-running racketeering scheme and hiding assets during their divorce. The firm also made the headlines when it was linked to an expanding insider-trading case against New York hedge fund Galleon Group.



SAC provides job candidates with bios and day-to-days of specific employees on its Web site. The takeaway: SAC wants its employees to stay ahead of the business world; early risers are welcome.

Facts & Resources

Employees:   9
Career Site:   Careers


Subsidiaries & Divisions

  • CR Intrinsic Investors LLC
  • S.A.C. Capital Management LLC
  • S.A.C. Global Investors LLP
  • Sigma Capital Management LLC



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