The Prisoner’s (Hedge Fund) Dilemma
SEPTEMBER 26, 2013
SAC Manager Arrested for Insider Trading at Hedge Fund. When your focus is strictly on making money (not serving a larger, more selfless purpose), the rules seem to be more like guidelines and ethics is simply a class you took in college. If you speak to most hedge fund managers, they will tell you what they create is efficient markets. The payoffs hedge fund employees are real, but the business has the feel of a game. by Gary Cohen.