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How Much Is Equity Research Actually Worth? Probably Less Than You Thought

Over the past several months, investment banks all across Europe have scrambled to put a price tag on their equity research after years of giving it way as a ‘freebie’ in return for trading commissions. Of course, for wall street’s titans of finance, you know, the same guys who will look you straight in the […]


Steve Cohen Loses His Top Trader

Steven Cohen’s veteran top trader is leaving, just months before the formerly-barred hedge fund manager is expected to resume managing outside investor money. As the NYT’s Matt Goldstein reports, Phil Villhauer, 52, who started working for Cohen’s then-SAC Capital in 2002, was promoted to global head of trading at the successor company, Point72, shortly after […]