Is Steve Cohen Back To His Criminal Ways
Over five years ago, months before most had heard of "expert networks", soon to be the fixture in the biggest FBI/DOJ/SEC crackdown against hedge fund insider trading in history, and years before it would become clear to everyone that the now defunct SAC Capital was nothing but a fund making billions by trading on inside information, we quietly exposed just how it was that Steve Cohen's hedge fund would almost as if by magic, always buy (or short) biotech companies, just ahead of successful (or not) Phase 1, 2 or 3 studies.