A former portfolio manager at Steve Cohen’s $14 billion hedge fund told the FBI that he gave his boss tips based on inside information.
Bloomberg Business Week updates us on Brown University trustee Steve Cohen, truly The Most Interesting Man in the World — at least to the Securities and Exchange Commission.
What will Brown do? Although Cohen’s not yet been charged with anything, the SEC and FBI seem awfully interested in exploring possibilities along those lines…
In the case of the also-problematic Steven Rattner, Brown seems quietly to have evicted him from the board after a certain critical mass of fines and bans and suits was reached.
With one thing and another, Brown University’s managers are becoming experienced hands in trustee-management (know when to hold ’em; know when to fold ’em) and, like Yeshiva University (home of trustees Bernard Madoff and Ezra Merkin), could probably start offering seminars.
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Some people seem to think this whole thing is one big joke.