Hedge fund honcho Steve Cohen made the jump from Wall Street to Main Street this week when a character loosely based on him appeared on a CBS crime drama. In a story ripped from the headlines, Thursday night’s “Person of Interest” centered on a hedge fund’s insider-trading scandal gone awry. The show’s hedge fund was called VAC Capital. Cohen’s firm is SAC Capital. “I almost fell off the couch laughing,” one viewer told The Post about the show’s thinly veiled reference to Cohen’s $16 billion fund. There were more similarities. The show centered on a doctor who told a young trader at VAC that a drug trial he was overseeing was “about to fail.” The trader earned VAC $500 million on the insider tip, which he called “black edge.” SAC’s traders have also reportedly called such tips “black edge.” In the show, the doctor confronts the trader, who blames his boss, the head of VAC. “You don’t understand. The boss is on my ass 24/7. Either [I] get black edge or [I’m] out.” “Black edge?” the doctor asks. “Inside information that no one else has,” the trader replies. [NYP]
Popularized in films like Limitless, legal smart drugs called Nootropics are becoming more and more prevalent in board rooms and on Wall Street.Keep reading »
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It’s not just doctors and scientists that need STEM education. America’s shifting economy is demanding more trained workers in many different sectors. See how Travis Brooks got the hands-on education he needed to become a technician at the Chevron Pascagoula Refinery. Visit The Atlantic to learn more.
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