Ex-hedge fund manager due in New York court | Reduction

Ex-hedge fund manager due in New York court

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Excerpt:

NEW YORK A former hedge fund portfolio manager charged in one of the biggest insider trading cases in history was due in a New York federal court after an investigation that touched on the activities of one of the nation's wealthiest financiers. Mathew Martoma's court date Monday was expected to be largely procedural, though there could be some discussion of the $5 million bail set for him last week in Florida. He was arrested at his home in Boca Raton, Fla. , but the case is based in New York. While working for CR Intrinsic Investors LLC between 2006 and 2008, Martoma exploited an acquaintance with a medical school professor to get confidential, advance results from tests of an Alzheimer's disease drug, Manhattan U.S. Attorney Preet Bharara's office said. Then Martoma used the information to make more than $276 million for his fund and others, prosecutors said.

Keywords:

new york SAC Capital hedge funds insider trading SAC Capital Advisors drug Preet Bharara drug companies Boca Raton Charles Stillman portfolio manager Forbes 400 richest people Defense lawyer net worth prosecutors medical school Investors wealthiest investments ditched financiers Mathew disappointing bail confidential Alzheimer results inquiry Manhattan allude nation fourth person affiliate disease Florida discussion The FBI company the inquiry information

People:

Mathew Martoma

Overall Sentiment: 0

Relevance: 0.887547

Steven A. Cohen

Overall Sentiment: 0.0677928

Relevance: 0.610566

Disambiguation: Collector | CompanyFounderReferences:

• Steven A. Cohen: dbpedia
• Steven A. Cohen: freebase
• Steven A. Cohen: umbel
• Steven A. Cohen: yago

Cohen

Overall Sentiment: 0.385203

Relevance: 0.368543

Disambiguation: References:

• Bernard Cohen (Australian author)
• Bernard Cohen (Australian author): dbpedia
• Bernard Cohen (Australian author): freebase
• Bernard Cohen (Australian author): umbel
• Bernard Cohen (Australian author): yago

Charles Stillman

Overall Sentiment: 0.244435

Relevance: 0.250602

Jonathan Gasthalter

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Relevance: 0.241411

Additional Info:

Company: SAC Capital Advisors

Overall Sentiment: 0.0428969

Relevance: 0.523784

Disambiguation: References:

• SAC Capital Partners: dbpedia
• SAC Capital Partners: umbel
• SAC Capital Partners: yago

Company: SAC

Overall Sentiment: 0

Relevance: 0.348565

City: New York

Overall Sentiment: 0.0345381

Relevance: 0.403079

Disambiguation: References:

• New York, Texas: dbpedia
• New York, Texas: freebase
• New York, Texas: geonames
• New York, Texas: yago

Country: U.S

Overall Sentiment: 0.183382

Relevance: 0.321881

Disambiguation: Location | Region | AdministrativeDivision | GovernmentalJurisdiction | FilmEditorReferences:

• United States
• United States: dbpedia
• United States: freebase
• United States: ciaFactbook
• United States: opencyc
• United States: yago

Header Info

Provided Keywords:

• cr intrinsic investors llc
• hedge fund
• insider trading
• mathew martoma
• sac capital advisors
• steven cohen

Site Provided Desc:

Mathew Martoma is charged in one of the biggest insider trading cases in history

Provided Title:

Ex-hedge fund manager due in New York court

Source Site: Ex-hedge fund manager due in New York court

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Full Content: http://feeds.cbsnews.com/~r/CBSNewsBusiness/~3/p72_3giGbSE/

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