Billionaire hedge fund manager Steven A. Cohen, who runs the
super-secretive hedge fund SAC Capital Advisors, has a reputation on the Street
for being one of the most successful traders. Cohen launched his
Stamford-headquartered hedge fund in 1992 with only $25 million. Today the fund
has $14 billion assets under management and employees around 900 people
globally.
During the late 1990s and early 2000s, Cohen came into
prominence as a powerful Wall Street trader for his grand slam returns. He's been in the spotlight for a different
reason. Late last year, he was identified as "Portfolio Manager A" in
the latest insider trading case against former CR Intrinsic (a subsidiary of
SAC) portfolio manager Mathew Martoma. The New York Times recently reported
that Cohen and others at the firm also received subpoenas to testify before a
grand jury in the case. It's well-known
that Cohen is the ultimate target of the government in their crackdown on
insider trading…..
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