*"The Michael Jordan of Hedge Fund Managers".
25% net return to investors annually since inception w/an average Sharpe Ratio of 2.5.
"This man has returned 3x the returns of Warren Buffet with a third of the risk"
Trending Content
| +50 | Jane street suing MLP | 33 | 13h | |
| +48 | Top Long Only vs Small SM HF | 9 | 27m | |
| +43 | Investment principles | 11 | 5d | |
| +28 | How to Know if HF L/S industry is for me? Wealth Management instead? Feel lost | 7 | 19h | |
| +26 | Realistic HF Career Earnings | 22 | 1d | |
| +22 | How to move from prop to MM for quant? | 3 | 5h | |
| +21 | Advice for Incoming Structured / Securitized Credit HF Analyst | 4 | 10h | |
| +20 | Analysts Launching Out of MM | 16 | 7m | |
| +18 | Career Trajectory for Data Scientists in HF | 6 | 4h | |
| +18 | Possible exits from BB role below | 1 | 6d |
Career Resources
The Lance Armstrong of money managers perhaps.
That only happens if it's 7 years and counting (Enron much?)
They still have to prove Cohen knew about any of it. How much it impact his returns, I don't know.
In Before NorthSider :D
That cohen was using insider trading to achieve SAC's returns has been a relatively open secret for a very long time. Stevie is very smart, but he cheats.
This. The line between getting an edge over the market and "cheating" according to the letter of the later is one that's tough to see. But when you're in a crowd of people and one person is the farthest in the direction of that blurry line and reaping the benefits...you can make the deduction
Glad to see you guys are on a first name basis and you're fully aware of the insider trading. Preet Bharara could sure use a hand putting him in jail. He's only been able to fleece "Stevie" for 1bn+ but is still struggling to convict him of anything in a court of law.
"good at not getting caught cheating" =/= "not cheating"
Lol of course he's cheating his returns are like 1000x better than anyone else's you can be good but not100x better than anyone else.
everybody on the street knows that guys at SAC regularly push the boundaries even if they aren't openly insider trading. The comparison to Warren Buffett is not accurate though; he has created over 290bn of wealth, while SAC has generated an order of magnitude less that. The more capital you have, the harder it is to generate returns...
That SAC is a cheater's den has been the worst kept secret on wall st for over 10 years. pre-crisis SAC used to pay ~$250m/year to the street, outside of regular trading costs, to get research reports 30-60 minutes before other clients. In the early days they were big into engineering short squeezes, and other brute force trading strategies. Whether any of these activities (separately or in combination with the insider allegations) are illegal or not is a question for somebody else... but certainly Stevie's results are not the consequence of great genius. the guy doesn't belong on a pedestal next to buffett, soros, icahn, etc.
Interesting. I wonder if the lawsuit from Cohen's ex-wife would shed any light on these activities. She was with him before he founded SAC and claims that Cohen had been doing insider trading since the 80s.
Maxime quo temporibus aliquam voluptatum voluptatem. In sequi enim sit praesentium nam. Dicta asperiores ut alias. Vitae ut suscipit sapiente dignissimos pariatur rerum illo.
Adipisci voluptatem nisi consequatur error. Unde quam autem sapiente sapiente.
Et minima illum consectetur reprehenderit suscipit sunt. Suscipit voluptates dolor voluptatibus aliquid assumenda aut aut. Odio neque nam quae velit dolor odio aliquid voluptate.
Quia soluta expedita non et. Fugit amet aut voluptatibus fugiat sit voluptate. Dolores amet ut facere aut. Quibusdam nobis at quas consequatur laborum ea veritatis.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...