BESS LEVIN, 06 November 2013
Several years back, SAC Capital manager Steve Cohen sat for two days of deposition as part of a lawsuit filed by Canadian insurer Fairfax Financial filed against a group of hedge funds that included SAC. At one point, Cohen was questioned about insider trading, his fund’s policy on insider trading, and his personal views on insider trading, as reported by Reuters at the time the transcripts were unsealed.
Recently, PBS obtained video footage of the deposition and published it today, perhaps wanting to wait for a really good time in Cohen’s life to do so. Is it even more awkward to watch Cohen discuss rules about insider trading than simply read what he said? You betcha! Is it the most awkward thing to ever watch Cohen do on tape? Including the time he appeared on an English version of the talk show “Cristina” with his second wife to talk about his first? Let’s find out.