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SAC's Cohen shows no signs of retreat despite scandal
Hedge fund industry titan Steven A. Cohen appears to have made up his mind about one thing - he has no plans to do anything but run his $14 billion SAC Capital Advisors even as U.S. authorities are breathing down his neck. Over the past week, Cohen, long envied on Wall Street for his years of double-digit returns, has absorbed a one-two punch as yet another of his former managers was arrested on insider trading charges and U.S. securities regulators warned they may file civil charges against his 20-year-old hedge fund firm. For many managers, this kind of news would have been personally devastating and might have ... (full story)