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Saturday, 8 May 2010

Art Shark Steve Cohen and the SAC Capital Story

Steve Cohen's hedge fund SAC Capital, focused on equity market strategies, is based in Stamford, Connecticut. He owns a 14 acre property in Greenwich - the wealth centre of Connecticut. While at the Wharton school he opened a brokerage account and after school started in options arbitrage at Wall Street firm Gruntal and Co. Cohen founded SAC in 1992 with 9 employees and $25m AuM.

Monday, 3 May 2010

Modern Day Babbage

Charles Babbage was a mathematician who used to build computers or calculating machines. His most famous work was the difference engine. A more recent mathematician who contributed to computer science was Von Neumann who worked on Monte Carlo simulation. He is described as having "fearsome technical prowess" and "scintillating intellect".