Cohen Confidant Steinberg Crossed Paths at SAC With Lee
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Of all the former employees at SAC Capital Advisors LP who have been accused of insider trading, Michael S. Steinberg was closest to Steven A. Cohen, starting as a young recruit and rising to become one of the hedge-fund founder’s most-trusted money managers.
He joined SAC in 1997, three years after graduating college, and was part of a group of traders who socialized with billionaire Cohen at joint vacations and sporting events. Steinberg introduced the hedge-fund owner to his art adviser, and Cohen attended Steinberg’s 1999 New York wedding, according to former colleagues, friends and people with knowledge of SAC.