Long-time hedge fund industry people will tell you that it is not enough for a new fund to make a high return—investors have to know and feel comfortable with the manager. One of the notable success stories of the past several years (more…)
Posts Tagged ‘Steven Cohen’
Asian Fund’s Morgan Stanley Connection
May 8, 2012Apple Trades Vary
August 25, 2011Chidem Kurdas
DE Shaw is among the hedge funds with large holdings of Apple stock. The change of guard inpired some fast trades. (more…)
Hedge Fiction: Murder, Mayhem, Prosopagnosia
April 22, 2011Chidem Kurdas
Reading The Gods of Greenwich by Norb Vonnegut made me feel sorry for Steven Cohen. He is featured in this novel as the familiar “Stevie” who runs SAC Capital in Stamford. A main character, a hedge fund manager who collects art, “wants to become Stevie Cohen”. This is presumably meant to give real hedge fund color to this garden-variety crime caper.
The book contains one amusing character. But not a lord of the market—-rather, an angelic-looking blond nurse named Rachel. She comes across as the sharpest thinker and ablest operator among the whole cast. An RN in her day job, Rachel has a second career as a contract killer. (more…)
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