SAC’s Steve Cohen dishes on markets, management and regulation
May 12, 2011
Highlights from a rare public appearance at SALT.
SAC Capital Advisors founder Steve Cohen said he is unhappy with the media scrutiny his firm has faced in the wake of the government’s wide-ranging insider trading investigation, but he is prepared to cooperate with any government investigations of his firm.Cohen made these comments during an exceedingly rare public interview yesterday at the SkyBridge Alternatives Conference in Las Vegas. Cohen talked about markets, management styles and his future in trading during a wide-ranging discussion with SkyBridge Capital managing partner Anthony Scaramucci.Speaking on the same day that Galleon founder Raj Rajaratnam was found guilty of 14 counts of securities fraud and conspiracy, Cohen said his firm takes compliance “very seriously as part of the culture.” Although SAC has adamantly denied suggestions that its activities are anything but above board, at least six of the roughly three dozen individuals who have been charged with insider trading are former employees of SAC. Last...
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