In a bombshell scoop, Bud Fox News has discovered that Steven A. Cohen, the once mighty hedge fund titan, has taken up moonlighting as a magician for the wealthy. Billing himself as the ‘Millionaire’s Magician’, Cohen has developed an impressive following among his peers. “He’s every bit as maniacal about this as he is about stock picking”, says wife Alexandra Cohen. He even has a website to shamelessly promote his alter-ego and sell tickets to the show.
After ‘magically’ generating abnormal returns year after year at SAC Capital, Bud Fox News readers will no doubt be familiar with poor Stevie’s demise on account of rampant insider trading and securities fraud. With those revelations, Mr. Cohen pulled another magic stunt: making about $6 Billion disappear.