‘Hedge Fund King’ Steven Cohen Gets Back to Business
Before he was known for an insider trading scandal, Steven Cohen was known as the “hedge fund king,” bringing sky-high returns to clients at his super successful firm, SAC Capital Advisors — and serving as an inspiration for the Showtime series “Billions.”
Now, Cohen is looking to get back into business after a two-year ban on trading other people’s money ended at the start of this year. With his new company, Point72 Asset Management, Cohen is once again courting clients and their billions — up to $4 billion, according to a recent report from Bloomberg.
What does his comeback mean for Wall Street? This week on Money Talking, Charlie Herman talks with Sheelah Kolhatkar, staff writer at The New Yorker and author of “Black Edge: Inside Information, Dirty Money, and the Quest to Bring Down the Most Wanted Man on Wall Street" about the investigation of Cohen and the downfall of SAC.
