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Steve Cohen’s vindicated trader has raised at least $25 million for a fintech fund

Michael Steinberg

Michael Steinberg, a former top trader at billionaire Steve Cohen’s hedge fund, then known as SAC Capital Advisors, has raised at least $25 million for his newly-formed fintech venture fund, Reciprocal Venture Management, according to Bloomberg’s Miles Weiss.

Steinberg was found guilty of insider trading in December 2013 while at SAC, but the conviction was dropped two years later. The New Yorker previously reported that a potential insider trading case against Steve Cohen was based on an email that Steinberg had received from his analyst, that was then forwarded to another portfolio manager at the firm, and read more >>>

Source:: BusinessInsider.Com

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