Steven Cohen’s Hedge-Fund Comeback Shoots for a Record Target: $20 Billion

What competitive advantage, or skill in trading, does Steve and his team have...now that SAC Capital have been busted for insider trading for the past 20 years o_O

The new reborn company will just be another ho-hum hedge fund, with average (lackluster) returns.
 
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Guess he might have some contacts in the White House now or other government agencies, that's why the confidence. The new normal is that corruption is definitely accepted and even encouraged and he's right to ride that wave.
 
lawrence-lugar said:
What competitive advantage, or skill in trading, does Steve and his team have...now that SAC Capital have been busted for insider trading for the past 20 years o_O

The new reborn company will just be another ho-hum hedge fund, with average (lackluster) returns.
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Same as in past. Inside info.
 
This thread is hilarious. Cohen has more talent in his left testicle then most on this site. The guy has been trading since he was 16. If insider trading was so lucrative then the entire hedge fund industry wouldn't have the dismal performance it now has. Gotta love this site.
 
lawrence-lugar said:
What competitive advantage, or skill in trading, does Steve and his team have...now that SAC Capital have been busted for insider trading for the past 20 years o_O
More...
SAC was (and now .72/Cubist is) a huge fund with hundreds of portfolio managers running a variety of strategies. It's silly to assume that every single one of them was trading on inside information.
 
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