Monday, 22 December 2014
Last updated 58 min ago
Jan 29 2008 | 7:39am ET
The tragic death of a former hedge fund executive’s son has landed in the courts. Brian Cohn, who stepped down from his post a president of SAC Capital Advisors earlier this month, has sued the company who built the pool in which his 6-year-old son drowned in July.
He also filed suit against the manufacturer of the pool’s drainage equipment and the town of Greenwich, Conn.
Cohn alleges that his son, Zachary, drowned when he was caught in a faulty drain suction line. It also accused Greenwich of approving the pool in spite of “multiple obvious code violations,” the Cohn’s attorneys, Silver Golub and Teitell, said yesterday.
According to the release, if the Cohns are successful in the litigation, any awards would go to the non-profit they set up in their son’s memory, the ZAC Foundation for Children’s Safety.
Cohn spent 11 years at SAC, the Stamford, Conn.-based hedge fund giant, and said he’ll be taking a break before pursuing a new employment opportunity.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.