Steven Cohen, founder and manager of $13 billion hedge fund SAC Partners, talked to Anthony Scaramucci in a rare public interview at the 2011 SALT Conference in Las Vegas on Thursday:
Anthony Scaramucci: I know this man needs no introduction. Steve and I have gotten to know each other over the years, but most recently in Davos where we had some fun. Steve, SAC has been in the news recently, is there anything you’d like to address on this topic?
Steve Cohen: I’d like to thank you for that softball question–nice way to start the interview.
SC: Listen, we take compliance very seriously, and the reality is we’re going to cooperate with the investigations.
AS: How did you first get into all this?
SC: I started when I was 12 years old; used to sit at the dinner table and I’d read the sports page of the Post first then right to the financial page. I’d hang out at the local brokerage firm when I was a little older and just watched the tape.
AS: Did you have anyone you looked up to, who really influenced you?
SC: My father was big in my life. A larger than life type person. I’ll tell you a story about my dad, he’s 91 years old, to give you a sense of what he’s about/meant to me. They used to call him the Sheriff on the golf course. If you played with him and cheated, he’d walk off the course and never talk to you again. If you play with me and cheat I won’t walk but I’ll definitely call off the bet.
The full transcript is available here.