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

Is Steven A. Cohen Next?

It sure sounds like it.

Reuters says B.J. Kang–he’s the F.B.I. agent in charge of the bureau’s securities task force who escorted Galleon head Raj Rajaratnam on his October perp walk–took a hard look at Steve A. Cohen’s hedge fund, SAC Capital Advisers, two years ago. No charges were filed then, but the Galleon Read More

Bloomberg’s Grid: When Lights Blow, He’s Management

On Tuesday morning, Mayor Michael Bloomberg stepped to the podium in a brightly lit Long Island City building not far from the blacked-out areas in Queens to commiserate with an audience about the city’s “tough week.”

He did not pound the lectern. He did not raise his voice. And, despite outraged protests from residents, political Read More