Chat with Traders Podcast

135: How mastermind trader, Steven Cohen, bent rules and made billions w/ Sheelah Kolhatkar

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135: How mastermind trader, Steven Cohen, bent rules and made billions w/ Sheelah Kolhatkar

Aaron Fifield Podcast Leave a Comment


Sheelah Kolhatkar is a writer at the The New Yorker, who was previously a journalist at Bloomberg Businessweek, and prior to that, a hedge fund analyst.

She’s also the author of New York Times bestseller, Black Edge: Inside Information, Dirty Money and the Quest to Bring Down the Most Wanted Man on Wall Street.

Of course, the most wanted man being referred to, is the ultra-wealthy hedge fund legend, Steven Cohen of S.A.C. Capital Advisors—someone who Sheelah has become very familiar with, through much of her own tireless and strenuous research…

Topics of discussion:

  • The one time Sheelah met Steven Cohen—at a high-profile art auction where he intended to sell a piece, but instead, purchased a $141,000,000 sculpture.
  • About Steven’s upbringing, education, first job on Wall Street and how he made millions trading the tape in newly formed options market (before forming SAC!)
  • How a researcher at SAC befriended a doctor to access inside information about drug trials and profit, and the point when outsiders began to get suspicious.
  • The fate of SAC and how the great insider trading investigation came to an end…

Steve Cohen, Point 72. Photograph by Gillian Laub.

Links and resources mentioned:

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