Sunday, 7 February 2016
Last updated 1 day ago
May 11 2011 | 10:30pm ET by Deirdre Brennan
One of today’s highlights from the SALT Conference in Las Vegas was a rare interview with one of the top stars of asset management: SAC Capital’s Steve Cohen.
I admit, while I have been running FINalternatives for over five years I’ve never had the privilege of meeting Mr. Cohen or even listening to him speak in person, so I eagerly awaited Anthony Scaramucci’s one-on-one chat with him. I wasn’t disappointed.
Scaramucci, founder and managing director of Skybridge Capital, dove right in and tackled the elephant in the room—rumors of regulators investigating some of SAC’s trades—and Cohen answered graciously:
“Nobody likes that type of media scrutiny,” Cohen said. “We take compliance very seriously and the reality is we are going to cooperate with any and all investigations.”
With that out of the way, Scaramucci delved into Cohen’s background and we learned some interesting details about his firm, his background and his values.
“My father [who is 91 and still going strong] was big in my life, he was a larger than life person,” said Cohen, who began reading the financial pages at the dinner table when he was just 12 years old (after the sports pages, of course). Here are a few other tidbits from the fantastic one-one-one with the investment management legend: