SAC’s Steve Cohen dishes on markets, management and regulation
By Lawrence Delevingne
Thu 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
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