Black Edge: Inside Information, Dirty Money, and the Quest to Bring Down the Most Wanted Man on Wall Street

NEW YORK TIMES BESTSELLER - A riveting, true-life legal thriller about the government's pursuit of billionaire hedge fund manager Steven Cohen and his employees at SAC Capital--a revelatory look at the power and wealth of Wall Street

ONE OF THE BEST BOOKS OF THE YEAR--The New York Times and The Economist - "An essential expos of our times--a work that reveals the deep rot in our financial system . . . Everyone should read this book."--David Grann, author of Killers of the Flower Moon

Steven A. Cohen changed Wall Street. He and his fellow pioneers of the hedge fund industry didn't lay railroads, build factories, or invent new technologies. Rather, they made their billions through financial speculation, by placing bets in the market that turned out to be right more often than not.

Cohen was revered as one of the greatest traders who ever lived. But that image was shattered when his fund, SAC Capital, became the target of a seven-year government investigation. Prosecutors labeled SAC a "magnet for market cheaters" whose culture encouraged the relentless pursuit of "edge"--and even "black edge," which is inside information--and the firm was ultimately indicted and pleaded guilty to charges related to a vast insider trading scheme. Cohen, himself, however, was never charged.

Black Edge raises urgent and troubling questions about those who sit at the pinnacle of high finance and how they have reshaped the economy.

Finalist for the New York Public Library's Helen Bernstein Book Award for Excellence in Journalism - Longlisted for the Andrew Carnegie Medal for Excellence in Nonfiction and the Financial Times and McKinsey Business Book of the Year Award

Author: Sheelah Kolhatkar
Publisher: Random House Trade
Published: 01/23/2018
Pages: 368
Binding Type: Paperback
Weight: 0.60lbs
Size: 8.10h x 5.50w x 0.80d
ISBN13: 9780812985795
ISBN10: 0812985796
BISAC Categories:
- Business & Economics | Finance | General
- Business & Economics | Investments & Securities | General
- Political Science | Corruption & Misconduct

About the Author
Sheelah Kolhatkar, a former hedge fund analyst, is a staff writer at The New Yorker, where she writes about Wall Street, Silicon Valley, and politics, among other things. She has appeared as a speaker and commentator on business and economics issues at conferences and on broadcast outlets including CNBC, Bloomberg Television, Charlie Rose, PBS NewsHour, WNYC, and NPR. Her writing has also appeared in Bloomberg Businessweek, New York, The Atlantic, The New York Times and other publications. She lives in New York City.