(Bloomberg) Richard Lee doesn’t remember the trades that upended his life. A former SAC Capital Advisors LP portfolio manager, Lee managed a $1.25 billion fund for his boss Steve Cohen. He had tens of thousands of trades under his belt, so the roughly $10 million in Yahoo Inc. shares he bought on July 10, 2009, didn’t really stand out.
SAC’s Richard Lee Admitted to Insider Trading. Then He Cleared His Name
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