The Canadian PressJuly 25, 2013 17:33
SAC's history: Dazzling success, dubious actions
Even in the high-flying hedge fund world, where vast pools of capital surge in and out of markets with billions at stake, SAC Capital has stood out for its audacity, ambition and mammoth returns.
And it's impossible to discuss SAC Capital without invoking Steven A. Cohen, the firm's founder and guiding hand. The firm, which was hit with criminal insider trading charges Thursday, bears his initials in its name and his imprint on its business.
Cohen left an old-line Wall Street brokerage, Gruntal