According to the NY Post 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 the $15
billion dollar SAC Capital.
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….”
Read all about it at http://www.nypost.com/p/news/business/stevie_goes_prime_time_MEir8061r13YSW8PWJUhtL
No comments:
Post a Comment