No receive button | FT Alphaville

No receive button

He is obsessed with trading, and he trades to win. If he cruises the Caribbean or flies off to London, an SAC advance team races ahead of him to set up trading screens…

- New York Times, A Fascination of Wall St., and Investigators, Dec 2012

Splayed before five screens at his workstation on SAC’s library-quiet trading floor, Cohen himself manages only about $2 billion of the firm’s capital; the rest is handled by a hundred or so portfolio managers, known as P.M.’s, each of whom leads a small team, usually of two or three analysts, known as a “pod.” They can always see Cohen, thanks to the “Steve Cam,” a tiny camera trained on the boss sitting at his 50-foot black desk, divided into eight trading stations…

- Vanity Fair, The Hunt for Steve Cohen, June 2013

Working at SAC is tough, even as hedge funds go. One of the worst aspects, at least for people who like weekends, is Sunday “homework.” Every week from 5 p.m. to 9 p.m., Cohen has his portfolio managers and analysts call in to tell him what’s coming up that week for the companies they follow…

- Bloomberg Markets, Steve Cohen’s Trade Secrets, Feb 2010

The 20,000-square-foot trading room at SAC Capital Advisors, chilled to 70 degrees to keep traders alert, was hushed. Mr. Cohen, who sits at its center, likes it that way. Phones blink rather than ring. Computer hard drives had been moved off the trading floor to eliminate hum. Rows of traders wearing SAC fleece jackets watched Mr. Cohen nervously, waiting for an order to sell shares…

- Wall Street Journal, The Hedge-Fund King Is Getting Nervous, Sept 2006

122. On August 25 and 26, Cohen was working at his vacation home on Long Island, where he had a home office set-up virtually identical to the one in his corporate office…

- SEC, Order Instituting Administrative Proceedings, July 2013

Didn’t read 89 per cent of emails though.

More from Matt Levine here.

Related link:
What’s email? – FT Alphaville (2009)