This content is from: Premium
No Need to Cry for Steve Cohen
The manager is on the hook for a record $1.8 billion to settle insider trading charges. But he’s already earned at least that much this year.
SAC Capital founder Steven Cohen. Photo: (Bloomberg News)Don’t start passing the hat just yet for Steven Cohen. Sure, the tarnished founder of SAC Capital Advisors now has to hand the federal government $1.2 billion in fines for profits that his Stamford, Connecticut–based hedge fund firm is not entitled to keep after
To continue reading, subscribe now to Premium Journalism. Already a subscriber? Login.