{"id":41098,"date":"2014-03-12T08:41:11","date_gmt":"2014-03-12T12:41:11","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=41098"},"modified":"2014-03-12T08:51:49","modified_gmt":"2014-03-12T12:51:49","slug":"after-hedge-fund-fraud-debacle-sac-changes-its-name","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2014\/after-hedge-fund-fraud-debacle-sac-changes-its-name.html","title":{"rendered":"After Hedge Fund Fraud Debacle SAC Changes Its Name"},"content":{"rendered":"<p><a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2014\/03\/SAC_-_124012422_399514c-300x199.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-41104\" alt=\"SAC_-_124012422_399514c-300x199\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2014\/03\/SAC_-_124012422_399514c-300x199.jpg\" width=\"300\" height=\"199\" \/><\/a>New York (Hedge Co.Net) &#8211;\u00a0Steven A. Cohen&#8217;s SAC Capital Advisors is trying to put the<a href=\"http:\/\/www.hedgeco.net\/news\/11\/2013\/sac-pleads-guilty-to-insider-trading-and-is-fined-1-8-billion.html\" target=\"_blank\"> past behind them<\/a> with a name change.<\/p>\n<p>&#8220;In the aftermath of our settlement with the government, Steve and senior management considered whether our path forward as a family office would be simpler if we operated with new legal entities and new names,&#8221; \u00a0President\u00a0Thomas Conheeney\u00a0said in a memo to employees .\u00a0The new name refers to the address of SAC&#8217;s headquarters at 72 Cummings Point Road in\u00a0Stamford.<\/p>\n<p>\u201cThe name emphasizes we point to a successful future that rests on the exacting analyses of the companies, sectors and verticals by Point72\u2019s portfolio managers and analysts,\u201d Conheeney said. \u201cWe have selected strong new names that reflect our heritage or signal something important about our businesses.\u201d<\/p>\n<p>Alex Akesson<br \/>\nEditor for\u00a0<a title=\"hedge funds\" href=\"http:\/\/www.hedgeco.net\/\">HedgeCo.net<\/a><br \/>\n<a href=\"mailto:alex@hedgeco.net\">alex@hedgeco.net<\/a><br \/>\n<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">HedgeCo.Net<\/a>\u00a0is a premier\u00a0<a title=\"hedge fund database\" href=\"http:\/\/www.hedgeco.net\/\">hedge fund database<\/a>\u00a0and community for qualified and accredited investors only. Membership in\u00a0<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">HedgeCo.net<\/a>\u00a0is FREE and EASY. We also offer FREE LISTINGS for\u00a0<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">Hedge Funds<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (Hedge Co.Net) &#8211;\u00a0Steven A. Cohen&#8217;s SAC Capital Advisors is trying to put the past behind them with a name change. &#8220;In the aftermath of our settlement with the government, Steve and senior management considered whether our path forward [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-41098","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/41098","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=41098"}],"version-history":[{"count":4,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/41098\/revisions"}],"predecessor-version":[{"id":41102,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/41098\/revisions\/41102"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=41098"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=41098"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=41098"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}