Steve Cohen

stevecohenpenthouse
He already cut it once to $98 million (from 115) and now it’s down to a mere $82 mill. At this point his practically giving it away and if the bargain basement price isn’t enough to get anyone to bite, how about he sweetens the deal by throwing in a coupla signed 8×10 copies of this puppy? Read more »

Steve-Cohen-of-SAC-by-Bloomberg-1Will Cohen celebrate the loss by his noted #2 enemy1 at the hands of an appeals court by saying, “Fuck it, you know what? We’re re-re-naming the firm?” We’ll just have to wait and see (but it seems possible). Read more »

Steve Cohen: Giving When It Counts

Playing the game.The big guy bided his time, waiting until he could see where his money could be best used to elect Republican governors in states he doesn’t live in—and also saving those would-be governors the trouble of having to explain why they were financing their campaigns with money from a guy who, you know, has had a few reputational issues lately. Read more »

In Case You’re Wondering Where Everybody Is This Week…

Warmer than New York, Basel.And by everybody, we of course mean the great hedge-fund art collectors, the answer is Miami. First, because it’s a lot less shitty, weather-wise, down there than it is in the greater Greenwich metropolitan area, and second, because it’s Art Basel’s winter sojourn from its namesake city, which is also very, very cold right now. Read more »

Shhh, he didn't mean it.

Shhh, he didn’t mean it.

As those of you who keep up with the Life And Times of Steven A. Cohen know, there are few things on this earth that the hedge fund manager despises more than his first bride, Patricia Cohen. So despite the fact that she has been suing him nearly five years; is, in the words of his lawyer Martin Klotz, “harass[ing] and embarrass[ing] Steven,”; and, at this point, wants what represents approximately 1/900000th of his personal wealth, the SAC Capital founder continues to refuse to settle this thing privately and throw her a dime. While merely casual observers of the Big Guy assumed that Patty’s recent victory, wherein she “won permission as part of a 25-year-old divorce battle to question him about any lies he may have told related to wrongdoing at the hedge fund” would’ve gotten him to budge, SAC Scholars know better.

“It’s a bit of a head-scratcher,” said Anthony Sabino, a business law professor at St. John’s University in New York, who has followed the case. “He’s been pilloried in the press. You’d have to think he is sick and tired of that and would like to get out of the spotlight. It’s baffling why he just doesn’t say, ‘Here’s the money, why not leave us alone?’”

For the record, here are a list of things Steve Cohen would rather do than give his ex-wife satisfaction, monetary or otherwise: Read more »

point72 asset management Over the last several years, as nearly a dozen former SAC Capital employees have been convicted of securities violations, the firm has taken many steps to redefine its image, from one of a bastion of insider trading to one where such actions are not only frowned upon but strictly prohibited. Such steps include but are not limited to: paying over $1 billion in fines; changing its name; and turning itself into a family office. Last month, Point72 Asset Management, AKA the hedge fund formerly known as SAC, even went so far as to announce that it would be monetarily compensating employees for “setting a proper tone and example on compliance and doing the right thing.” You’d think that all of these things– including the fact that a whole bunch of ex-SAC employees are doing time– would go far to deter people currently working at the hedge fund from engaging in insider trading. And yet, someone in Stamford apparently thought it was necessary still to take away one final temptation from them. Read more »

stevecohen (1)Also about how he had “no idea” who might’ve been responsible for sideswiping Tim in accounting’s driver side mirror, despite the fact that he was seen peeling out of the parking lot at the time of the incident. This upcoming bout truthiness brought to you by Cohen’s ex-bride, Patricia C. Read more »

stevecohensaccapitalThe former SAC portfolio manager, found guilty in September of orchestrating “the most lucrative insider trading scheme ever,” is hoping the Big Guy can save him. Read more »