One look at the chart below from the NYT [7], and a pattern emerges.
[8]
However, we are not sure which is the correct pattern:
- Either SAC, or whatever it will be called soon, has some truly impressive hiring hurdles and an even more impressive background check company , or
- Slowly but surely the investigation around Steve Cohen - just as we first suggested in November 2010 [9]when nobody dared to mention in print that the invincible "information arbitrageur" was merely a two-bit insider trading hack who used "expert networks" and got lucky for so long he had an "economic war chest of scale" and an army of lawyers- is closing.
If 2, our question is who will play Stevie in the inevitable upcoming (Oscar-nominated) Martin Scorsese tragicomedy about the excesses of the 3 and 50 hedge fund bubble.