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Steve Cohen To Celebrate Very Successful Year With A Nice Little Boat Trip, Is Sorry Employees Had To Hear Him Excoriate The Person Who Answered The Phone At Greenwich Bait 'n Tackle For Sending Him The Wrong Worms


For the moment, however, Cohen is preparing for an end-of-year boat trip, said someone familiar with the matter, and is ending 2013 with an impressive market performance of more than 16 percent returns, according to someone familiar with the figures, despite the legal maelstrom. He was in his office Wednesday, watching Federal Reserve Chairman Ben Bernanke on CNBC, when Steinberg's verdict was returned. "Guilty," Cohen muttered in the midst of Bernanke's televised press conference, a pronouncement that was picked up on SAC's internal intercom system for traders who hadn't yet learned the outcome to hear. It was an eerie experience, said someone who was there. [CNBC]


What Does A Phone Dedicated Exclusively To Receiving Calls From Steve Cohen Look Like?

Past the two Bentleys in the driveway and beyond the pool and mini water park, the home theater and a sports bar hung with enough memorabilia to equip a basketball team, Tom DeMark has his office -- a dark, wood- paneled lair with six computer screens. The office abuts the master bedroom of his Scottsdale, Arizona, home, Bloomberg Markets magazine reports in its December issue. It has to, DeMark says, because he often gets up after midnight to scrutinize charts of stocks, bonds, commodities and currencies to see if his numerical system for predicting their behavior is working. Since he started in the investment business in 1971, DeMark has advised some of the biggest names on Wall Street, men such as Paul Tudor Jones and Leon Cooperman. He’s a consultant to Steven Cohen, founder of SAC Capital Advisors LP, which manages $14 billion, and John Burbank, founder of $3.4 billion Passport Capital LLC. SAC and Passport each own a piece of DeMark’s company, Market Studies LLC. DeMark has a phone on his desk that’s dedicated to Cohen. Seems like the obvious possibilities are: a) b) c) d) e) other Follow-up question: how many other people have Steve-only phones? Surely DeMark is not alone. DeMark Fibonacci Charts Embraced by Cohen Lure Investors [Bloomberg Markets Magazine]