Hedge fund manager Steve Cohen’s reported plan to sell a number of valuable artworks may not only deliver a nice chunk of change for the Wall Street mogul, it may also provide gains for another rival manager.
By Katya Wachtel and Peter Rudegeair
At SAC Capital Advisors’ sprawling Stamford, Connecticut headquarters on Thursday morning, security guards barred reporters from getting too close to the office building, holding them to an intersection a few hundred yards from the driveway.
By Matthew Goldstein
The full year numbers aren’t in, but it appears Steve Cohen’s SAC Capital had a pretty good year–especially compared to most other long/short equity hedge funds which lost money. But how does this year’s 8% gain stack-up against other strong years posted by the Stamford, Conn. hedge fund?
By Katya Wachtel
John Thaler’s hedge fund, JAT Capital, had a meteoric rise through much of 2011, generating a 38 percent return at its peak in early September. Since then, Shumway Capital alum has ebbed, though he’s still beating a ton of his competitors.
By Matthew Goldstein and Jennifer Ablan
The thing about deposition excerpts—even lengthy ones—is that some of the tantalizing material gets left on the cutting room floor. And that’s certainly the case with hedge fund billionaire Steve Cohen’s two-days worth of testimony in the long-running Fairfax Financial litigation.
News and views on the hedge fund sector from Reuters and elsewhere:
Ex-Centaurus HK chief starts new fund – Bloomberg
Reprieve for Cohen? – Reuters
Hedgies’ impact on energy trading – Commodities Now
Investors pour in billions – Reuters
Citi taps the UCITS rush – FINAlternatives