Economics
Cohen’s Dream of Soros Status Dies as SAC Pleads Guilty
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In the hedge fund record books, there will always be doubts about how Steven A. Cohen outperformed rivals for more than 20 years.
Cohen, the billionaire founder of SAC Capital Advisors LP, is arguably the best stock trader of all time, a renowned “tape reader” with an uncanny ability to predict where prices are headed. The Stamford, Connecticut-based firm’s investment returns for clients averaged 25 percent over the past two decades, and Cohen never posted a losing year in the portfolio he personally oversees.