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Colin thanks as always.
-- it SAC capital coming under pressure from the government investigators recent weeks but have any impact on business Charlie Gasparino has kind of surprising answer.
Well you know so far tentatively.
Throws many caveats on this as possible no.
As you know -- under withering sort of investigations probes by the Grassley senator Grassley is looking out of the SE SEC is looking at him.
Is this is a pretty big deal for SEC capital when the biggest most prominent one of the best hedge funds out there run by Steve -- one of the best investors I guess -- the last twenty years.
But the early indication shows -- SEC capital is weathering the government -- what do we mean by that they continue to take in assets.
Despite these investigations.
And this is what I hear we're getting this from sources close to as -- -- the fund has taken in has raised.
One point five billion dollars since when he and that's a lot of money since mid 2010.
And -- tea that's when a lot of this stuff sort apple we started hearing about the -- probes gallium and some of the other funds.
And other people that we're attached to -- which have connections SEC capital.
So so far this fund which has fourteen billion dollars -- -- man who seems to be weathering this I will say this.
If these -- investigations continue as you know.
And there's a lot of them out there I mean you could just put a question -- future clearly is uncertain but so far investors like what they say listen the guy returns and he gives him a good return every.
Hear a case of fourteen billion dollar fund you know Goldman settled with the SEC for what was at 500 million -- so.
-- -- investors are looking at like worst case scenario that.
Fine penalty would ever want to speed drop in the bucket compared to what this -- is you know here's the thing is -- thing we have to that these two sides of the story we were the first to report back in November.
That clearly when you look at this how the -- government is going at this investigation.
-- -- In post -- Rogers -- been convicted.
They look like they're circling around SEC -- clearly they got.
There's a bullseye -- this guy that said.
No evidence where's the -- he did anything wrong and here's -- thing you have to remember and maybe this is what his investors realize.
Look at this guy forever and if -- sort of dissect some of this investigation that's going on right now to -- as senator Grassley for example.
He had a referral from -- -- the self regulatory organization of of of of Wall Street to give them trades that looked suspicious vehicle that SEC capital made money.
But the real ice vest if you know looks like the SEC's looked at those in the past and this is not like -- -- -- those trades go back ten years so investors I think are saying listen -- been through this before.
-- need to look at them forever and where's the beef right right my other question for you Stephen Cohen is -- -- -- the success of SEC capital as he was initially.
If you like this Steve Jobs is you know do the analogy he got out -- -- -- Cotto -- me it's a great.
If it's a great question and you would think so and but remember you know Steve Cohen.
That was -- made a specific allegation about him they just with what they do is they look at his fun and look at the performance.
And they look at some some it may look at some of the people around them that have been nailed in this in this case remember to move his fund managers Freeman and I can't remember the other guy.
You know they they were caught on tape you know I'm saying one of them pled guilty and when I think is going trial.
That's what we have here we have a lot of smoke around the guy in the middle.
I would say yes -- to your question I mean the fund is named after him he's a brilliant investor.
We should point go elusive and mysterious or just you know actually that people say that its interest in Iowa -- Vanity Fair article yeah I know I don't believe he's that mysterious I mean I put the cherry and it would like plugged into what appears that the glory.
He is a rich guy.
Okay he is a guy that you know runs ahead funny that you want to keep his proprietary sort of treating secretive as one of the last of all over the place.
I mean I expect a guy like that not to be out about on TV everyday and I mean deal -- to quit that to be mysterious and secretive I think is wrong.
What can you cannot -- night though okay is that -- clearly look at that.
And they circle the wagons and you know there this is you know if you're investing you say well.
You know can -- be in a fund where guys constantly on the investigation or you say -- and he's been on the investigation so many times nothing's ever come up where the charges where's the beef.
Gavin got him and by the way he's a good fund managers so I think that -- any investors appreciate that I think some Charlie we appreciate you always -- -- -- -- --
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