Can’t Afford Steve Cohen? Perhaps You’d Be Interested In Steve Cohen’s ETF Operation
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When Steve Cohen begins triumphantly cashing checks once again on Jan. 1, 2018, he’s well aware that most people will be left out of the party. After all, SAC Capital Advisors had a minimum investment requirement in the range of $25 million, and even if the Big Guy wanted to boost his capacity, the absolute dearth of aspiring hedge fund managers with anything approaching the right stuff (at least in the U.S.) would make that all but impossible.
Lucrative as making the 0.00000000001% even richer is, by definition it leaves a whole very giant market underserved. In particular, the market made up by the very same millennials who are either not good enough to even apply for jobs at Stamford Harbor Capital or, if they are, annoyingly choose to work in Silicon Valley or what-have-you, and who might one day join the top hundred-billionth and be in need of Steve Cohen’s edge. And now that Cohen’s got the fintech bug, he’s been looking for ways to both recruit future SHC investors and at least make some money off of those who never will be. In Acorns Grow, he thinks he may have found it…
Can’t Afford Steve Cohen? Perhaps You’d Be Interested In Steve Cohen’s ETF Operation
