SEC Capital made a profit of 73% against the trend. If a fund can earn more than 30% every year, then the fund is a money printing machine and it only took ten years.
Syk Capital has grown from a small fund of 25 million to the top hedge fund in the United States. We all know that even if Warren Buffett trades in stocks, he makes a profit and loses.
Why does Sec Capital have invincible in the US stock market? Cohen has a nickname in China called the American version of Xu Xiang. He and Xu Xiang have two things in common. First, the funds they manage.
They have maintained their profit against the sky for a long time. Second, Boss Xu went in because he was involved in insider trading, and Cohen was tracked down by f b i for ten years. In the subsequent indictment of Syk Capital, there was such a passage.
From 1999 to 2010, SEC Capital encouraged employees to conduct a large number of ubiquitous insider trading, thereby obtaining huge illegal profits. Although Cohen claims to be invincible.
Stocks are all based on talent, but in fact his secret to victory in all battles is insider trading. In order to encourage or even force employees to go out to inquire about inside information, Cohen can be said to be a carrot and a stick.