Up & Down the Street

Steven A. Cohen

The Practical Magic of Hedge Funder Steven A. Cohen

If you’re a fan of magic, one of the most enjoyable evenings available in New York City is a wonderful little show put on by one Steve Cohen out of a suite at the Waldorf Astoria several evenings a week. Mr. Cohen, known as “the millionaires’ magician,” thrills with sleight of hand and a witty banter that evokes the old-school parlor magicians of yore. But the highlight of his show is a segment in which he tells members of the audience things about themselves that he really shouldn’t know. Go see for yourself; it’s mind-boggling. Mr. Cohen has made quite a career out of his talent—he even had a special on the History Channel last week—but he may be in the wrong line of work.

See, there’s another man named Steve Cohen who has also made quite a career out of seemingly knowing things he shouldn’t know. Call him “the billionnaire magician.” Read More

Bilious Complaints

Skowron Will Plead Not Guilty

At a pun-filled press conference in lower Manhattan today, the details of the government’s insider trading charges against Chip Skowron were set forth by Manhattan U.S. Attorney Preet Bharara, who reassured Wall Street that there’s still no end in sight to the government’s wide-reaching crackdown.

“I wish I could say that we were just about Read More

Comebacks

The Return of Julian Robertson

More than ten years after closing Tiger Management LLC, Julian Robertson is back! The famous hedge fund manager, who once averaged annual returns of 30 percent and had more than $20 billion in assets under management, has started the Tiger Accelerator Fund to seed the enterprises of young hedge fund talent. One such talent is Read More

Legal Matters

Bail for Three Men Arrested in Insider Trading Probe

Three men arrested in December during the authorities’ wild crackdown on insider trading have been granted bail. Walter Shimoon, James Fleishman and Mark Longoria, all arrested on Dec. 16, but were set free today by U.S. Magistrate Judge James Francis. Mr. Shimoon carried a bounty of $150,000 and Mr. Longoria a relative pittance of $50,000. Read More