Monday, April 22, 2013

Heavy hitters swing for the ‘hedges’

According to the NY Post hedge-fund mogul Stevie Cohen will be pitching at Yankee Stadium tomorrow.   No, the 56-year-old billionaire is not suiting up for the Bronx Bombers — but he will be hoping the magic of the House that Ruth Built will yield some investment cash.

Cohen, whose SAC Capital faces a loss of $1.7 billion from investors who want out of his $15 billion hedge fund, is one of about 70 hedge fund managers who’ll be at the Stadium tomorrow making a pitch to prospective new investors at a day-long event sponsored by Goldman Sachs.

SAC, which just settled Securities and Exchange Commission charges over insider trading, has recently re-opened its fund to new investments….

No comments:

Post a Comment