Books like Black edge by Sheelah Kolhatkar
Steven A. Cohen, born to a middle‑class family in Long Island, attended Wharton and founded the hedge fund SAC Capital in 1992. The firm grew to a $15 billion empire, and Cohen cultivated a reputation as one of Wall Street’s greatest traders while living extravagantly. A major investigation—lasting seven years—culminated in the largest insider‑trading probe in Wall Street history. SAC Capital was fined nearly $2 billion, its most significant penalty, and was shut down. Eight employees were convicted or pleaded guilty; Cohen himself was not criminally charged, allowing him to continue trading and to potentially launch a new hedge fund. The book examines whether powerful financiers like Cohen are above the law.
First publish date: 2017
Genre: Business & Economics/Finance
Authors: Sheelah Kolhatkar
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