02942cam a2200337 i 4500 771536790 TxAuBib 20170323120000.0 170104s2017||||||||||||||||||||||||eng|u 2016031776 9780812995800 HRD 28.00 0812995805 HRD 28.00 DLC eng rda DLC NjBwBT TxAuBib rda Kolhatkar, Sheelah, author. Black edge [Book] : inside information, dirty money, and the quest to bring down the most wanted man on Wall Street / Sheelah Kolhatkar. First edition. New York : Random House, [2017] xx, 344 pages ; 25 cm. txt rdacontent n rdamedia nc rdacarrier Includes bibliographical references (pages 307-336) and index. "Steven A. Cohen is a Wall Street legend. Born into a middle class family in a decidedly upper class suburb on Long Island, he was unpopular in high school and unlucky with girls. Then he went off to Wharton, and in 1992 launched the hedge fund SAC Capital, which grew into a $15 billion empire. He cultivated an air of mystery and reclusiveness -- at one point, owned the copyright to almost every picture taken of him -- and also of extreme excess, building a 35,000 square foot house in Greenwich, flying towork by helicopter, and amassing one of the largest private art collections in the world. But on Wall Street, he was revered as a genius: one of the greatest traders who ever lived. That public image was shattered when SAC Capital became the target of asprawling, seven-year criminal and SEC investigation, the largest in Wall Street history, led by an undermanned but determined group of government agents, prosecutors, and investigators. Experts in finding and using "black edge" (inside information), SACCapital was ultimately fined nearly $2 billion -- the largest penalty in history -- and shut down. But as Sheelah Kolhatkar shows, Steven Cohen was never actually put out of business. He was allowed to keep trading his own money (in 2015, he made $350 million), and can start a new hedge fund in only a few years. Though eight SAC employees were convicted or pleaded guilty to insider trading, Cohen himself walked away a free man. Black Edge is a riveting, true-life thriller that raises an urgent and troubling question: Are Wall Street titans like Steven Cohen above the law?"-- Provided by publisher. 20170323. Eleanor Steele Blocher Endowment Fund. Hedge funds United States History 21st century. Global financial crisis, 2008-2009. Financial crises United States History 21st century. BUSINESS & ECONOMICS / Finance. BUSINESS & ECONOMICS / Investments & Securities.