Follow by Email

Thursday, November 22, 2012

A Former Broker For SAC Capital Gives His Take On The Latest Insider Trading Case

A Former Broker For SAC Capital Gives His Take On The Latest Insider Trading Case

"I covered the mortgage bond side of SAC Capital in the early 2000s, and I remember half-kidding, half-probing my client about Steven A Cohen’s seeming inability to miss.  Back then Cohen’s SAC had put together a string of annual monster returns like no other hedge fund.[1]  Cohen’s SAC Capital was the Mark McGuire of stock trading, and we knew enough to think the home run records of 1998 looked mighty suspicious."

No comments:

Post a Comment