Business
Episode 77: Steven A. Cohen's Insider Trading Empire
2019-06-26
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This week we're discussing billionaire hedge fund trader Steven A. Cohen in particular and the hedge fund industry in general. There are two types of hedge funds: those that fail to beat the market and those that trade on illegal inside information. Steve Cohen's hedge fund SAC Capital managed to produce 30% average returns per year over 20 years after fees. Guess which category he fell in to. Hear about his life, his legal tribulations, his day time talk show appearances, and about whether US financial markets even come close to the standards of being a place for free and fair exchange.
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