I covered the mortgage bond side of SAC Capital in the early 2000s, and I remember half-kidding, half-probing my client about Steven A Cohen’s seeming inability to miss.  Back then Cohen’s SAC had put together a string of annual monster returns like no other hedge fund.[1]  Cohen’s SAC Capital was the Mark McGuire of stock

I wrote last week that one of the great lessons of the recent Presidential campaign, for me, is how little we as a country understand income tax policy. Since we’re about to engage in a crash course in fiscal policy[1] it’s worth focusing on the loophole of carried interest. Both Presidential candidates referred in the

Will we ever pull out of the Great Recession?  Why is it taking so long? Let me tell you about a hedge fund group that has the best way to think about it that I’ve ever read.  But first, some history. The Summer of 2008 is when things really started to hit the fan. And

Please click above to listen to full interview. I spoke with an old friend Trevor, a former Director of Research at a Hedge Fund of Funds.  In college, a mutual friend of ours imaged a radio show named “What the Fuck Do you Do?” in which he interviewed people in jobs that nobody else understood