{"id":34415,"date":"2013-03-18T09:00:41","date_gmt":"2013-03-18T13:00:41","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=34415"},"modified":"2013-03-18T09:00:41","modified_gmt":"2013-03-18T13:00:41","slug":"cohens-elan-guy-martoma-dropped-ethics-for-hedge-fund","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2013\/cohens-elan-guy-martoma-dropped-ethics-for-hedge-fund.html","title":{"rendered":"Cohen\u2019s \u2019Elan Guy\u2019 Martoma Dropped Ethics for Hedge Fund"},"content":{"rendered":"<p>Bloomberg &#8211; A former student at Harvard Law School, he co-wrote papers on medical ethics before seeking a business degree at\u00a0Stanford University\u00a0and joining a little-known Boston hedge fund. Former colleagues say he was nondescript, and other hedge-fund managers never heard of him.<\/p>\n<p>Yet in 2006, at age 32, Martoma made it to SAC Capital Advisors LP and gained the attention of the firm\u2019s billionaire owner\u00a0Steven A. Cohen. Cohen, one of the most successful hedge- fund managers in the world, trusted Martoma\u2019s recommendations enough to accumulate about $700 million in shares of\u00a0Elan Corp. (ELN)\u00a0and Wyeth LLC two years later and then sell them all within a week after Martoma had changed his view on the companies.<\/p>\n<p><strong><a href=\"http:\/\/www.bloomberg.com\/news\/2012-11-23\/cohen-s-elan-guy-martoma-dropped-ethics-for-hedge-fund.html\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; A former student at Harvard Law School, he co-wrote papers on medical ethics before seeking a business degree at\u00a0Stanford University\u00a0and joining a little-known Boston hedge fund. Former colleagues say he was nondescript, and other hedge-fund managers never heard [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,1],"tags":[],"class_list":["post-34415","post","type-post","status-publish","format-standard","hentry","category-syndicated","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/34415","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=34415"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/34415\/revisions"}],"predecessor-version":[{"id":34417,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/34415\/revisions\/34417"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=34415"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=34415"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=34415"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}