Monday, 20 October 2014
Last updated 2 days ago
Apr 8 2010 | 4:10am ET
His name has been dragged through the mud. In his ongoing battle with his ex-wife, SAC Capital Advisors founder Steven Cohen has been accused of insider-trading, lying to his wife and the authorities, hiding millions in assets, being a miserly billionaire and a bad father. His ex-wife, Patricia Cohen, notes that he continued sleeping with her as he courted his current wife, Alexandra, and has called him a coward and a bully, all in print.
Despite all the airing of that dirty laundry, however, Patricia Cohen, who refiled her racketeering lawsuit against her ex-husband this week, still believes Steven Cohen will settle.
“He’ll blow wind for a time to see if he can get away with it but there is no way he is ever going to allow himself to be forced to sit there and be deposed,” she told the New York magazine reporter who wrote a long feature about the case last month. And the reporter, Steve Fishman, notes that the case has led to some uncomfortable questions for the hedge fund manager from the last place he wants to get them: his clients.
“Based on his history, he always settles,” Patricia Cohen says. But her ex-husband’s lawyers seem confident that they’ll win before their client is faced with a deposition. And Cohen himself told an associate a few weeks ago that he wants “a court decision,” according to New York.
The SAC chief’s legal team is set to argue that the statute of limitations has long since run, as the Cohens were divorced in 1990. And they could also take aim at his ex-wife’s new lawyer, Gaytri Kachroo, as they did against her former lawyer, demanding sanctions for filing a frivolous lawsuit.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...