MICHAEL FINNIGAN, 19 August 2014
Thomas Conheeney, the long-serving president of Steven A Cohen’s hedge fund SAC Capital, which pleaded guilty to insider trading last year, has stepped down from the organisation, less than a year after it converted to a family office. Conheeney, 50, will be replaced by Douglas Haynes, 48, a former director at consultancy firm McKinsey & Co, but will remain on in an advisory role until the end of the year.
Cohen said in a statement that he had worked with Haynes for several years on the board of New York poverty action charity the Robin Hood Foundation and was impressed by his work there so asked him to head his family office. Continue reading “Article: STEVE COHEN’S RIGHT-HAND MAN MAKES SURPRISE EXIT FROM FAMILY OFFICE”