Black Edge

Highly recommend this book; its fun to read and well written. Sheelah tells the story of Steve Cohen, the Hedge Fund manager that started SAC, whom has subsequently setup his family office Point72 (now managing outside money again). Steven Cohen is a wall street legend, however his previous hedge fund SAC had a bout of high publicity insider trading scandals, which this book tells the story of. It reads like a gripping thriller of how the FBI and SEC unravelled a number of key cases against SAC employees and how they were ultimately trying to go after Steve Cohen. However, much to their disappointment, despite sending a few kingpin portfolio managers to jail they were unable to get anything on Steve Cohen. SAC had to close down, and Steve Cohen got a 2 year ban on managing outside capital. Since then Steve has started his family office Point72 with $10 bln and has since started managing outside money again. Great read for anyone into these kind of finance books.

Advertisements

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s