Loyal Traders May Be Getting Wobbly on SAC Capital Advisors and Steve Cohen

December 9th, 2012
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Signs of discontent and concern are apparently starting to emerge among the highly regarded traders at SAC Capital Advisors. As reported by the New York Post, some hedge fund industry recruiters are seeing strong indications that the steel ties that have bound founder Steve Cohen to his elite group of traders are starting to fray.

The recruiters, who rarely received a return call from a SAC Capital Advisors trader, now say that some are at least willing to have a conversation. While there are no reports of any of Steve Cohen’s traders sending out resumes, speculation is growing that possible SEC actions over insider trading activities could bring the firm down. Although Steve Cohen is not cited in the SEC finding, he was mentioned in the criminal charges as allegedly taking part in what has been called the largest profit from a single insider trade.
For Detailed Investor Profiles on these Investors, click below:
Point72 Asset Management (SAC Capital)
Related People: ; Douglas Haynes (President); Chandler Bocklage*; Peter Nussbaum*; Sol Kumin*; Steven A. Cohen; Ted Orenstein*; Tom Conheeney*
Related Entities: Canvas Capital*; CR Intrinsic Investors*; Cubist Systematic Strategies; EverPoint Asset Management; S.A.C. Global Investors; SAC Meridian; SAC MultiQuant; Sigma Capital Mgmt; Walter Capital*
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Hedge Fund Jobs, Hirings and Firings

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