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The SEC remedy against bad hedge fund owners in the show Billions is the threat of turning them into family offices
by peteretep 8y ago
The SEC remedy against bad hedge fund owners in the show Billions is the threat of turning them into family offices
- lordnacho 8y agoYeah I saw some of that show. The thing is if you're a MFO you're handling other people's money.
- thomas93 8y agoThis actually happened in real life to Steve Cohen (the person Axelrod's character is loosely based on). After being banned from managing outside capital, SAC Capital Advisors transitioned to being a family office called Point72. Only recently has it begun to to manage outside capital again.