Journalist defends Steven Cohen


A journalist at The Guardian says that hedge fund managers are being unfairly targeted. "Many of the people who work for Cohen seem to do what I do. We call up people and ask for information." He adds that, "A high-performing hedge fund, like Cohen's SAC, also sounds like a news organization of old – when there were no limits on expenses, and coziness with your sources was the norm, and the feeling of belonging to a club produced reliable and remarkable gossip." That is the first time journalism has been likened to hedge fund work. The financial rewards are nowhere near the same. Article