NEW YORK CITY TIMES BESTSELLER – A fascinating, real legal thriller about the federal government’s pursuit of billionaire hedge fund supervisor Steven Cohen and his staff members at SAC Capital– a revelatory take a look at the power and wealth of Wall Street ONE OF THE BEST BOOKS OF THE YEAR– The New York Times and The Economist – “An important exposé of our times– a work that exposes the deep rot in our monetary system.
. Everybody must read this book.”– David Grann, author of Killers of the Flower Moon Steven A. Cohen altered Wall Street. He and his fellow leaders of the hedge fund market didn’t ordinary railways, develop factories, or develop brand-new innovations.
Rather, they made their billions through monetary speculation, by putting bets in the market that ended up being right usually. Cohen was revered as one of the best traders who ever lived.
That image was shattered when his fund, SAC Capital, ended up being the target of a seven-year federal government examination. District attorneys identified SAC a “magnet for market cheaters” whose culture motivated the unrelenting pursuit of “edge”– and even “black edge,” which is details– and the company was eventually prosecuted and pleaded guilty to charges associated with a large expert trading plan.
Cohen, himself, nevertheless, was never ever charged. Black Edge raises immediate and uncomfortable concerns about those who sit at the peak of high financing and how they have actually improved the economy. Finalist for the New York Public Library’s Helen Bernstein Book Award for Excellence in Journalism – Longlisted for the Andrew Carnegie Medal for Excellence in Nonfiction and the Financial Times and McKinsey Business Book of the Year Award
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