Steve Cohen wants to sell stake in SAC Capital

June 3rd, 2010
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Contributed by: Teri Buhl
Bryan Burrough, co-author of famed corporate raider book Barbarians at the Gate, has scored a rare interview with Stevie Cohen of SAC Capital for Vanity Fair. Today we get a story tease where Burrough tells us Cohen’s confessed to wanting to get out of the daily grind of trading.

Wow that’s some pretty big exclusive news, which has sent some Wall Street minions mourning over the possible loss of a trading titan they consider a hero. Others are left wondering what it means to the hard-working traders at SAC Capital, who according to a March story in AR Magazine, have to give up trading profits via SAC’s shadow system, where Stevie monitors everyone’s trades and then adds the best ones to his portfolio. But what we really want to know is why Stevie wants to leave his 30 year trading career now?

For the complete article, please click here.
For Detailed Investor Profiles on these Investors, click below:
SAC Capital Advisors
Related People: Steven A. Cohen
Related Entities: Canvas Capital; CR Intrinsic Investors; S.A.C. Global Investors; SAC Capital Associates; SAC Meridian; SAC MultiQuant; SAC Select; Sigma Capital Management; Walter Capital Management*
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Hedge Fund Resources and Featured Partner News


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