…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…To be sure, Bob Olman, president of Alpha Search Advisory Partners, a hedge-fund executive search firm, said he has seen no noticeable uptick in résumés from SAC since Martoma’s arrest. Michael Castine, a recruiter at executive search firm Korn/Ferry International, also confirmed that he is not seeing a widespread move by SAC traders to bolt. SAC has been a target of the government’s insider trading crackdown for so long, he noted, that employees are nearly immune to it by now. “SAC seems to have been a target for quite some time and they’ve been through this before,” he said of Cohen’s roughly 1,000 employees. “I guess it’s safe to say nobody’s reached out to say, ‘Get me out of here.’” [NYP]

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Comments (10)

  1. Posted by Guest | December 10, 2012 at 4:16 PM

    The fellatio is taking longer too.

  2. Posted by Guest | December 10, 2012 at 4:26 PM

    What's so bad about a guy wanting to insider trade in peace and quiet at smaller shop that the government doesn't have a hard-on for?

  3. Posted by guest | December 10, 2012 at 5:11 PM

    High frequency disconnecting yesterdays NKI

  4. Posted by FKApmco | December 10, 2012 at 5:51 PM

    Bess: is 3 writers and posts every 15 mins the new normal? Not that I’m complaining; l just need to know if tomorrow I should adjust my Adderall/Red Bull intake.

  5. Posted by SellTheBorrow | December 10, 2012 at 6:08 PM

    Olman noted his recent success poaching the former head of Bonobos advertising for an unnamed new client.

  6. Posted by DingALing | December 10, 2012 at 6:09 PM

    "Hello, this is John from UB….Hello?"

  7. Posted by Not Real Sure | December 10, 2012 at 6:36 PM

    Headhunters did a great job for Yahoo.

  8. Posted by Guest | December 10, 2012 at 9:19 PM

    I've always had a theory that once someone's NPV peaks, the benefactors of their largesse (brokers, investors) are replaced by those that will benefit by their demise (regulators, journalists). Mmm. Where have we seen this before? Lance Armstrong. They will have their supporters to the end despite a lot of people knowing the scoop. Same with Tiger Woods.

  9. Posted by stamford limo | April 17, 2013 at 1:20 PM

    LOL – they're probably and silently moving to UBS Warburg down the street. I wouldn't worry about it.

  10. Posted by indy website design | April 17, 2013 at 1:22 PM

    So what if he traded and pocketed a few dollars here and there? The government does it, the IRS does, every company out there does it. He must've not slicked the right palms of someone in the higher ups ;)