Barry Berke

Michael Steinberg, a portfolio manager for the hedge fund operator SAC Capital Advisors, after his arrest on Friday March 29, 2013 (credit: Marla Diamond/WCBS 880)

SAC Capital Portfolio Manager Arrested In Manhattan

A senior portfolio manager for one of the nation’s largest hedge funds was arrested Friday, accused of making $1.4 million illegally in a widening insider trading probe involving an investment company founded by billionaire businessman Steven A. Cohen.

03/29/2013