Steve Cohen wants to sell stake in SAC Capital
|June 3rd, 2010||
|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?
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