Black Edge: Inside Information, Dirty Money, and the Quest to Bring Down the Most Wanted Man on Wall Street

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The story of billionaire trader Steven Cohen, the rise and fall of his hedge fund SAC Capital, and the largest insider trading investigation in history for readers of The Big Short, Den of Thieves, and Dark MoneySteven A Cohen changed Wall Street He and his fellow pioneers of the hedge fund industry didn t lay railroads, build factories, or invent new technologies Rather, they made their billions through speculation, by placing bets in the market that turned out to be right often than wrong and for this, they gained not only extreme personal wealth but formidable influence throughout society Hedge funds now oversee than 3 trillion in assets, and the competition between them is so fierce that traders will do whatever they can to get an edge.Cohen was one of the industry s biggest success stories, the person everyone else in the business wanted to be Born into a middle class family on Long Island, he longed from an early age to be a star on Wall Street He mastered poker in high school, went off to Wharton, and in 1992 launched the hedge fund SAC Capital, which he built into a 15 billion empire, almost entirely on the basis of his wizard like stock trading He cultivated an air of mystery, reclusiveness, and excess, building a 35,000 square foot mansion in Greenwich, Connecticut, flying to work by helicopter, and amassing one of the largest private art collections in the world On Wall Street, Cohen was revered as a genius one of the greatest traders who ever lived.That image was shattered when SAC Capital became the target of a sprawling, seven year investigation, led by a determined group of FBI agents, prosecutors, and SEC enforcement attorneys Labeled by prosecutors as a magnet for market cheaters whose culture encouraged the relentless pursuit of edge and even black edge, which is inside information SAC Capital was ultimately indicted and pleaded guilty to charges of securities and wire fraud in connection with a vast insider trading scheme, even as Cohen himself was never charged Black Edge offers a revelatory look at the gray zone in which so much of Wall Street functions It s a riveting, true life legal thriller that takes readers inside the government s pursuit of Cohen and his employees, and raises urgent and troubling questions about the power and wealth of those who sit at the pinnacle of modern Wall Street. Read Black Edge: Inside Information, Dirty Money, and the Quest to Bring Down the Most Wanted Man on Wall Street author Sheelah Kolhatkar – kino-fada.fr A nonfiction book describing in detail Steve Cohen s rise as the most prolific trader on Wall Street and the eventual FBI and SEC investigation into his hedge fund I m not really sure what else I can say except like wow maybe I should switch career paths now and just become a financial analyst Especially the ending of the book where they talk about the deregulation and acquittal of so many of the...Ever since the financial crash of 2008, I have felt that Wall Street is no longer part of financial institution of the United States It s like Wall Street went rouge and serves only a few who consider themselves Masters of The Universe Bondfire of the Vanities Stephen Cohen, the star of this book, is one of those Masters of the universe having built a mult...If you want to understand the depth of corruption that prevails on Wall Street, a good place to start is New Yorker staff writer Sheelah Kolhatkar s admirable new book, Black Edge Inside Information, Dirty Money, and the Quest to Bring Down the Most Wanted Man on Wall Street.A loathsome human beingThe central character is this superb piece of investigative journalism is Steven A Cohen, the founder of a hedge fund named SAC Capital Advisors Cohen is clearly a loathsome human being obsessed wit If you want to understand the depth of corruption that prevails on Wall Street, a good place to start is New Yorker staff writer Sheelah Kolhatkar s admirable new book, Black Edge Inside Information, Dirty Money, and the Quest to Bring Down the Most Wanted Man on Wall Street.A loathsome human beingThe central character is this superb piece of investigative journalism is Steven A Cohen, the founder o...Steven Cohen is back running hedges or do we call them dodges on Wall Street after being banned for two years from investing other people s money He is sixty one years old, and has houses filled with beautiful things His lifetime focus is trying to edge others in the market using whatever means necessary He is said to have a reptilian cool when it comes to trading on the margins, making him one of the best traders ever Cold blooded is one thing Cheating with inside information is another Steven Cohen is back running hedges or do we call them dodges on Wall Street after being banned for two years from investing other people s money He is sixty one years old, and ...Fresh Air author interview wasof a forensic study than a trading story The SEC and the NY Attorney General knew for some time that this hedge fund, among many others, were trading on insider information, but did not have to tools to stop it for many years By the time Steve Cohen made a deal to close it, he had personally amassed 10 billion dollars, making the 1.2 billion penalty minimal.The real takeaway here, is that these...I ve worked in finance for 25 years and I m never shy about commenting on it or setting people straight when they thoughtlessly malign the industry It annoys me Also, Archeus Capital Management, the fund I worked for when I was briefly in New York some ten years ago, had none other than Steve Cohen as its key investor.Well, Black Edge has left me lost for words.It s an amazing feat of journalism that is told with the skill of a novelist It s a crash course in insider dealing, taught at a le I ve worked in finance for 25 years and I m never shy about commenting on it or setting people straight when they thoughtlessly malign the industry It annoys me Also, Archeus Capital Management, the fund I worked for when I was briefly in New York some ten years ago, had none other than Steve Cohen as its key investor.Well, Black Edge has left me lost for words.It s an amazing feat of journalism that is told with the skill of a novelist It s a crash course in insider dealing, taught at a level that will be accessible to anybody.Most depressingly, it s a mathematically precise demonstration of the fact that the finance industry elite has come out of the 35 year bull market as the true winner, and in ...This is a fabulous account of the rise and fall of SAC Capital, the world s largest hedge fund It recounts how the fund encouraged and propagated a culture of cheating and deception to generate enormous and humongous profits for themselves and their clients using insider trading tactics It gives a glimpse into the luxurious life of Steven Cohen, the founder of SAC Capital, who spent millions of dollars collecting art at auctions and living in mansions in the toniest neighbourhood of New York This is a fabulous account of the rise and fall of SAC Capital, the world s largest hedge fund It recounts how the fund encouraged and propagated a culture of cheating and deception to generate enormous and humongous profits for themselves and their clients using insider trading tactics It gives a glimpse into the luxurious life of Steven Cohen, the founder of SAC Capital, who spent millions of dollars collecting art at auctions and living in mansions in the toniest neighbourhood of New York The saddest thing one comes across is that his employees bear the brunt of SEC investigation and prosecuted and inc...Black Edge happens when a trader gains inside information to a given company s up downs and then proceeds to short the shares, earning millions and breaking every ethical moral legal law which exists on financial trading Sheelah Kolhatkar s book is the rather shameful history of a hedge fund mogul Steven Cohen, his cronies and associates who went on to earn billions based on black edges they ruthlessly gathered from around the world False friendships, lies, bribes, enticements, inducements, fl Black Edge happens when a trader gains inside information to a given company s up downs and then proceeds to short the shares, earning millions and breaking every ethical moral legal law which exists on financial trading Sheelah Kolhatkar s book is the rather shameful history of a hedge fund mogul Steven Cohen, his cronies and associates who went on to earn billions based on black edges they ruthlessly gathered from around the world False friendships, lies, bribes, enticements, inducements, flattery, % shares and every other trick available in the book of sleaziness The cut throat world of hedge funds and Wall street egomaniacs, make money for money s sake a self propagating, a selfish loop which cuts through ethics, law and in some cases even humanity like a hot knife through...One of those books where Ivy educated lawyers adjust their silk ties as they stride across the worn marble floors of courthouses just a few blocks from the tony addresses where they grew up and attended prestigio...This is eerily similar to Bobby Axelrod and the Billions plot lines So good.

Black Edge: Inside Information, Dirty Money, and the Quest to Bring Down the Most Wanted Man on Wall Street
  • English
  • 07 October 2018
  • Hardcover
  • 295 pages
  • 0812995805
  • Sheelah Kolhatkar
  • Black Edge: Inside Information, Dirty Money, and the Quest to Bring Down the Most Wanted Man on Wall Street