tag:blogger.com,1999:blog-7438222975913037031.post3229920559141976183..comments2024-03-27T02:16:08.906-07:00Comments on The Naked Dollar: The SEC Will Take Down SAC CapitalScotthttp://www.blogger.com/profile/02142855830798306100noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-7438222975913037031.post-39564281842566875352013-01-21T22:08:53.138-08:002013-01-21T22:08:53.138-08:00This comment has been removed by a blog administrator.Anonymoushttps://www.blogger.com/profile/05067599239192666739noreply@blogger.comtag:blogger.com,1999:blog-7438222975913037031.post-22981245874262395072012-12-06T14:39:06.034-08:002012-12-06T14:39:06.034-08:00medallion fund actually charges 5% management and ...medallion fund actually charges 5% management and above 30% performance fees.....Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7438222975913037031.post-62937606968273928932012-11-30T06:09:33.890-08:002012-11-30T06:09:33.890-08:00@Anonymous - I am, indeed, familiar with Renaissan...@Anonymous - I am, indeed, familiar with Renaissance Medallion, and if you knew it well you would be aware that they only charge a 2/20 fee structure, the industry standard, which means their GROSS returns are far, far below what SAC is doing.<br /><br />Second, my point is not simply that they have high returns. There have been six indictments, the latest one being devastating. The high returns by themselves do not constitute proof, but they are so far outside the distribution of all other managers that they are suggestive of something misconduct.<br /><br />Lastly, I have never applied for a job at SAC and I have never met Cohen. As I stated, I would prefer it turn out that I am somehow wrong, because the industry does not need any more villains. Scotthttps://www.blogger.com/profile/02142855830798306100noreply@blogger.comtag:blogger.com,1999:blog-7438222975913037031.post-10180287221392734102012-11-30T04:46:59.085-08:002012-11-30T04:46:59.085-08:00Wow! Such a grossly written article.
I find it bo...Wow! Such a grossly written article.<br /><br />I find it borderline madness on writer's part to proclaim someone guilty of insider trading - just because his track record is great. Probably Scott doesn't know that Renaissance Medallion fund track record is better than SAC, and that is also for 20 yrs.<br /><br />It is clear that author has a personal vendatta against Cohen, maybe he couldn't get the job when he applied to SAC.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7438222975913037031.post-8826328458531709752012-11-30T02:41:47.296-08:002012-11-30T02:41:47.296-08:00If they are not and have not been playing by the r...If they are not and have not been playing by the rules, yes please bring them down and tell us how they did it, so that we can too. <br />Let's start leveling the playing field.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7438222975913037031.post-57742268520571023502012-11-30T01:22:08.323-08:002012-11-30T01:22:08.323-08:00This comment has been removed by a blog administrator.Anonymousnoreply@blogger.com