According to the NY Post the sharks of the US Attorney’s
office have SAC Capital Advisors surrounded — and owner Steven Cohen is looking
a lot like chum.
Good thing the billionaire hedgie has a large supply of
shark repellent. That would be Peter
Nussbaum, SAC’s longtime general counsel who, over his 12 years at the
Stamford, Conn., firm, has built up an impressive 30-person compliance
department — not including an additional tech compliance team.
“Nussbaum is the most respected person at SAC,” said a hedge
fund executive not at SAC. “He is going to do what he thinks is best for the
firm and not be cowed by anyone.” Nussbaum’s
huge compliance department, observers said, was built, in large part, because
of the perception that the government was determined to bust Cohen….
Read all about it at http://www.nypost.com/p/news/business/mr_shark_repellent_I2wyVUp6qO5g5kpDtLDwhO
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