Sunday, December 9, 2012

Cohen SAC traders make hedge of allegiance




SAC  Capital Advisors’ Steve Cohen may be seeing his tight-fisted grip on the best of his firm’s super-smart traders loosening just a bit. the NY Post tells us. 

It’s not that Cohen’s employees are running for the exits — net yet, anyhow — but hedge fund recruiters in the last week said they’re starting to see signs that the rock-solid allegiance of these top-shelf traders, who help keep the 56-year-old billionaire art-lover up to his Picasso in fine art, is softening.

Traders who recently blew off recruiters looking to pitch them on leaving Cohen’s $14 billion Stamford, Conn., firm are now at least hearing them out……


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