Steven B Cohen

He Is Worth $8 Billion

 

 

 

 

Steven Is A Hedge Fund Manager

 

 

 

 

 

 

 

He Is One Of The 'Fab' South Hampton Crowd

 

 

 

 

 

 

 

 

 

 Steven A. Cohen

An American billionaire hedge fund manager and the founder and manager of SAC Capital Partners, a Stamford, Connecticut-based hedge fund. Cohen was running his own trading group at Gruntal by 1984, and continued running it until he started his own company, SAC.[2] Cohen started SAC with $25 million in 1992; today the firm controls $12 billion in equity [3].

The New York Times referred to Cohen as "A New Prince of Wall Street"

With a fortune estimated by Forbes at $8 billion, Cohen is the 36th richest American. His 2005 compensation was reportedly $1 billion
 
   

 

 

 

 

 

 

Should We Be Jealous?

It's not about jealousy, but rather a wealth transfer. Where did Izzie amass his $8 billion?

 

   

 

 

 

 

 

 

The Money Comes From Your Pension

Your pension bets against Mr Cohen, and obviously you didn't win.
   
   

 

 

 

 

 

Everything Is A Giant Wealth Transfer

The newspaper will tell you that the money just vanishes, but that's just nonsense. You brought your retirement fund of a 1000 gold coins to Lehman Brothers, and they bought a futures contract from Mr Cohen, and that went south. So your money (gold coins) didn't vanish, but simply changed hands.
 

 

 

 

 

 

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