Are the Feds Closing in on Billionaire Steven Cohen?
As part of a high-profile insider trading probe, the FBI raided three large hedge funds Monday. Two targets of the raid, Diamondback Capital Management and Level Global Investors have ties to billionaire investor Steven Cohen, a renowned art collector and #87 on Forbes’s world’s richest billionaires list.
Cohen, manager of SAC Capital Advisors, is a giant in the hedge fund world and news of the probe is generating a lot of buzz in the finance world:
