“You don’t get much better than Stevie Cohen,” said Ed Butowsky, founder of Chapwood Investments, a private wealth management firm based in Dallas with client money invested in SAC. If Butowsky had his druthers, he would steer more investment assets to Cohen’s hedge fund, which he said has delivered three times the return as the “Oracle of Omaha” Warren Buffett with a third of the risk since 1994. “The very thought that people want to trash Stevie Cohen, who is one of the great legends in portfolio management, because of some allegations, shame on them,” Butowsky said. “If it was me and I had to live through this stuff the last three years, I would tell everybody to go jump off a boat.” [Greenwich Time, earlier]

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Comments (13)

  1. Posted by Guest | June 12, 2013 at 10:44 AM

    Attn: Ed Butowsky,
    Chapwood Investments

    Dear Mr. Butowsky,
    During the next week the SEC will be conducting audits in your region and Chapwood Investments has been selected for review. We appreciate you cooperation and look forward to meeting with you and your staff in the coming days. Should you have any questions in the meantime, please contact me at XXX-XXX-XXXX.

    Sincerely,
    Mary Mulrooney
    District 9, SEC Compliance and Investigations

  2. Posted by SAC IR | June 12, 2013 at 10:51 AM

    Ed,

    Thanks for your support! Unfortunately, we are unable to amend the fee agreement from the current rates you are charged, 3 and 30.

  3. Posted by entre | June 12, 2013 at 10:58 AM

    Butowsky? That's sound of pain my butt hole makes when Stevie skies down it.

  4. Posted by pazzo83 | June 12, 2013 at 10:58 AM

    "…which he said has delivered three times the return as the “Oracle of Omaha” Warren Buffett with a third of the risk since 1994."

    Why hello!

    - Red Flag

  5. Posted by Guest | June 12, 2013 at 11:31 AM

    Janitor at GS > PWM Dallas

  6. Posted by Where am I? | June 12, 2013 at 11:32 AM

    Matt and Bess obviously went for the quad shot of espresso this morning.

  7. Posted by VonSloneker | June 12, 2013 at 11:41 AM

    In other news, a restraining order has been issued against Ed Butowsky. Mr. Butowsky is a perennial stalker/jock rider of "…great legend of portfolio management" and pickled fish collector Steve Cohen.

    - Ron Burgundy

  8. Posted by PermaGuestII | June 12, 2013 at 12:21 PM

    What do you mean? Those sound alright to me.

    -Fairfield Greenwich Group principal

  9. Posted by guest | June 12, 2013 at 12:50 PM

    He's one of the best. A real star.

  10. Posted by Butowsky | June 16, 2013 at 2:29 PM

    What? Over? Did you say "over"? Nothing is over until Stevie decides it is! Was it over when the Germans bombed Pearl Harbor? Hell no!

  11. Posted by Jim | January 19, 2014 at 7:37 AM

    Always value Steve's opinion!

  12. Posted by Tosha Abramowitz | February 7, 2014 at 6:58 PM

    Thanks for the helpful write-up. It is also my belief that mesothelioma cancer has an really long latency time, which means that warning signs of the disease won't emerge until 30 to 50 years after the initial exposure to mesothelioma. Pleural mesothelioma, which can be the most common form and influences the area round the lungs, will cause shortness of breath, breasts pains, plus a persistent coughing, which may lead to coughing up bloodstream.

  13. Posted by Joe | April 15, 2014 at 9:21 AM

    I really dont like greenwichtime