Showing results:
Displaying 1 - 10 of 10
The Black Edge
Has anyone read "The Black Edge" by Sheelah Kolhatkar yet? Sounds like an interesting book judging from the below. Link to FT.com article [quote]A lot of people do not trust Wall Street. They regard it as a moneymaking machine for those who work there, which has little interest in practice in its...
SAC Not Out of the Woods Yet
You'd think pleading guilty to insider trading , paying a $1.2 billion fine, and being barred from managing outside capital would clear the decks. But if you're SAC Capital , you'd be wrong. The Justice Dept is proceeding in its investigation in the hopes of even more charges - charges which Steve...
SAC Shuttering London Office
First Chicago, now London. SAC Capital has announced it will close its London office by year-end as a result of the ongoing insider trading investigation. SAC President Tom Conheeney delivered the news to the London employees in person, which was a class act we don't often see in this business...
SEC Files to Ban Cohen for Life
Amidst the brouhaha of the insider trading investigation, the SEC filed an action on Friday seeking a lifetime ban against SAC Capital founder Steve Cohen. If successful, Cohen would never be allowed to touch investor funds again. In a somewhat ironic twist, the basis of the SEC action is Cohen's...
Cohen Pleads the Fifth
The ongoing saga at SAC continues with the Justice Department calling Steve Cohen's bluff, and Cohen calling theirs right back at them. Cohen's attorney informed prosecutors that he would indeed invoke his Fifth Amendment right against self-incrimination if called before a Grand Jury in the SAC...
SAC Against the Ropes
It's been a rough couple of weeks for Stevie Cohen and his crew, and the situation is growing more "fluid" with each passing day. I kinda kept one eye on it all weekend after the somewhat cryptic announcement on Friday that SAC would no longer be "fully" cooperating with the government's...
Money manager Ed Butowsky on SAC's Cohen
*"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"
Buy or Sell: The New York Mets
Would you buy the New York Mets? In the case of SAC Capital 's Steve Cohen the answer is a resounding YES. I am not so sure that this is a smart play. Not just for Cohen, but for any investor. Today I would like to hear thoughts on the potential purchase from the analyst's perspective. I guess the...
Forbes 400 Richest Americans
As if hearing Edmundo’s question of who is rich , Forbes magazine released their list of the 400 richest Americans. Topping the list as usual is Microsoft billionaire Bill Gates, with Bershire's Warren Buffet in 2nd and Oracle's Larry Ellison in 3rd. So where are the bankers ? Of the top 200, 50...
Hedge Fund Kings
The Financial Times has recently released their top 10 Hedge Fund manager list, and no surprise here, it’s pretty much a cross section of the funds found on this recent thread . (Which I just found out also has a link to the article… Moving on.) Net gains for investors since inception was the...
or Want to Sign up with your social account?