SAC

TacticalWhimsy

“**Mathew Martoma suddenly reversed his position after receiving secret Alzheimer’s-drug trial results.** Martoma had been aggressively bullish on Elan and Wyeth. After speaking privately with a doctor involved in the trial, he had a roughly 20-minute call with Cohen. Beginning the next morning, Cohen and SAC rapidly sold their enormous positions and then shorted the stocks. When the disappointing results became public, SAC avoided losses and made profits totaling approximately **$275 million**.” \[Link\](https://www.sec.gov/newsroom/press-releases/2016-3)