http://onpoint.wbur.org/2012/12/11/wall-street-2
For most people, hedge funds used to sound like some kind of lawn service. Years of trouble in Wall Street finance have clued us in. Hedge funds are some of the sharpest investors out there. Working on the big-money edge. Take that edge too far, and you can have insider trading. Unfair advantage. Broken laws.
Right now, a huge investigation is circling around Steven A. Cohen, one of the biggest hedge fund masters of the universe. No charges against him, but a lot of billowing smoke. And an education for the little guy.
This hour, On Point: a hedge fund hero in hot water.
-Tom Ashbrook
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