20110508aR009101007
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8/6/2019 20110508aR009101007 http://slidepdf.com/reader/full/20110508ar009101007 1/1 PETER LATTMAN & ANDREW ROSS SORKIN Minh Uong, 7 May STEVEN A Cohen, the once- secretive billionaire hedge fund manager, is suddenly everywhere. On Monday, Cohen and his wife attended the Metropolitan Museum of Art’s annual Costume Institute gala, where they rubbed elbows with the rock star Mick Jagger and the quarterback Tom Brady. On Wednesday, he is scheduled to speak, before former President George W Bush, at a prominent hedge fund conference in Las Vegas. Earlier this year, he made his first trip to Davos, Switzerland, for the World Economic Forum, where he could be seen dancing the night away at a private party. And Cohen is bidding to buy a large stake in the New York Mets from the team’s owners. Behind the scenes, life has not been nearly so fun. Federal prosecutors are examining trades made in an account run by Cohen at SAC Capital Advisors, his hedge fund in Stamford, Conn, that manages about $12 billion according to a governmen filing. The trades were suggested by two SAC portfolio managers who h pleaded guilty to insider trading-related crimes. Th charges are part of a vast investigation into insider trading at hedge funds by United States attorney in Manhattan that has result in criminal cases against a least 47 people over the la two years. Meanwhile, Senator Charles E Grassley, Republican of Iowa, asked the Financial Industry Insider trading cases stai
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Transcript of 20110508aR009101007
8/6/2019 20110508aR009101007
http://slidepdf.com/reader/full/20110508ar009101007 1/1
PETER LATTMAN &
ANDREW ROSS SORKIN
Minh Uong, 7 May
STEVEN A Cohen, the once-secretive billionaire hedgefund manager, is suddenlyeverywhere.
On Monday, Cohen and hiswife attended theMetropolitan Museum of
Art’s annual CostumeInstitute gala, where theyrubbed elbows with the rockstar Mick Jagger and thequarterback Tom Brady. OnWednesday, he is scheduledto speak, before formerPresident George W Bush, at
a prominent hedge fundconference in Las Vegas.Earlier this year, he made hisfirst trip to Davos,Switzerland, for the WorldEconomic Forum, where hecould be seen dancing thenight away at a private party.
And Cohen is bidding tobuy a large stake in the NewYork Mets from the team’s
owners.Behind the scenes, life hasnot been nearly so fun.
Federal prosecutors areexamining trades made in anaccount run by Cohen at SACCapital Advisors, his hedgefund in Stamford, Conn, that
manages about $12 billionaccording to a governmenfiling. The trades weresuggested by two SACportfolio managers who hpleaded guilty to insidertrading-related crimes. Thcharges are part of a vastinvestigation into insidertrading at hedge funds by United States attorney in
Manhattan that has resultin criminal cases against aleast 47 people over the latwo years.
Meanwhile, SenatorCharles E Grassley,Republican of Iowa, askedthe Financial Industry
Insider trading cases stai
