Comments on: Potential Mets investors include a hedge fund manager

By: jimbo1949

jimbo1949 — Wed, 13 Apr 2011 20:57:20 +0000

“you always get a middle initial when you’re rich”
or arrested

By: chrisny3

chrisny3 — Wed, 13 Apr 2011 15:45:39 +0000

There is no mention of the SEC in that article. There is mention of charges being brought against two ex-traders of Cohen’s firm for insider trading, but no mention of the SEC. Perhaps you were confused by mention of “SAC” which is the name of Cohen’s firm, and his initials.

Also, contrary to some misconceptions, the investment by Cohen in the Mets would be a personal one, and not part of his business and hedge fund activities.

By: cleverbob

cleverbob — Wed, 13 Apr 2011 15:37:03 +0000

You nailed it. They’ll probably march in, strip the organization down until it’s too lean to function properly, then take their share and hit the road before it hits the fan.

By: cur68

cur68 — Wed, 13 Apr 2011 14:54:08 +0000

Actually J5, if recent history is any judge, this is pretty typical HF investing right here; buy into something crappy. Invest your client’s dough in it. Take your fees and when it goes bust, run away with the dough. I can’t believe people still go in for these funds. Its just some a-hole investing your dough aggressively while telling you its low risk. On a serious note, the Mets will turn a profit again, but not for the next 10 or more quarters. Hope the clients can wait that long.

By: BC

BC — Wed, 13 Apr 2011 14:51:25 +0000

MarkCubanMarkCubanMarkCubanMarkCuban….. nah, that one’s getting old….

By: Jonny 5

Jonny 5 — Wed, 13 Apr 2011 14:24:44 +0000

Ok, My first question is why would anyone invest in the Mets right now? They can’t turn a profit. There is talk of unloading some key players, and this will probably result in them taking more of a bath as the fans will lose even more interest in coming to games. I mean regardless of the salaries of these guys they won’t be replacing them with players that are as good. More losses will probably equal less seats being filled imo. Then there’s the whole “lawsuit thing”. Then there’s the other “lawsuit thing” from the lady being squashed. Are there any other “lawsuit things” in the making? Any I missed? Probably.

By: sdelmonte

sdelmonte — Wed, 13 Apr 2011 13:29:09 +0000

The article mentions this guy is being investigated by the SEC. That doesn’t fill me with confidence, though at this point, most billionaires don’t fill me with confidence.