About SAC Capital Advisors, L.P.
The man behind SAC
SAC Capital Advisors is one of the most well known hedge funds in the world, thanks to its big-swinging founder and head, Steven A. Cohen, whose initials are responsible for the firm's name. Cohen founded SAC in 1992 with $20 million (some of which was his money, some of which was investors' money). Today, SAC manages about $15 billion, employs approximately 800 people, and is said to be responsible for 3 percent of the NYSE's trading volume and 1 percent of the Nasdaq's on any given day. In addition to holding positions for a short amount of time, SAC also holds public and private equity investments for the long term. In 2008, Cohen's net worth was estimated to be $8 billion. And in 2009 and 2010, the firm received more than $2 billion in net inflows. More recently, in 2011, SAC made headlines when two of its former employees were convicted on insider trading charges.
72 Cummings Ave.
Stamford, CT 06902
Employer Type: Private
Principal: Steven A. Cohen
2011 Employees (All Locations): 800