by Sheelah Kolhatkar (Author) 

NEW YORK TIMES BESTSELLER • A riveting, true-life legal thriller about the government’s pursuit of billionaire hedge fund manager Steven Cohen and his employees at SAC Capital—a revelatory look at the power and wealth of Wall Street

ONE OF THE BEST BOOKS OF THE YEAR—The New York Times and The Economist • “An essential exposé of our times—a work that reveals the deep rot in our financial system . . . Everyone should read this book.”—David Grann, author of Killers of the Flower Moon

Steven A. Cohen changed Wall Street. He and his fellow pioneers of the hedge fund industry didn’t lay railroads, build factories, or invent new technologies. Rather, they made their billions through financial speculation, by placing bets in the market that turned out to be right more often than not.

Cohen was revered as one of the greatest traders who ever lived. But that image was shattered when his fund, SAC Capital, became the target of a seven-year government investigation. Prosecutors labeled SAC a “magnet for market cheaters” whose culture encouraged the relentless pursuit of “edge”—and even “black edge,” which is inside information—and the firm was ultimately indicted and pleaded guilty to charges related to a vast insider trading scheme. Cohen, himself, however, was never charged.

Black Edge raises urgent and troubling questions about those who sit at the pinnacle of high finance and how they have reshaped the economy.

Finalist for the New York Public Library’s Helen Bernstein Book Award for Excellence in Journalism • Longlisted for the Andrew Carnegie Medal for Excellence in Nonfiction and the Financial Times and McKinsey Business Book of the Year Award

Review

“A modern version of Moby-Dick, with wiretaps rather than harpoons.”—Jennifer Senior, The New York Times

“Excellent.”—The Economist

“If you liked James B. Stewart’s Den of Thieves, Sheelah Kolhatkar’s thrilling Black Edge should be next on your reading list.”—The Wall Street Journal

“A lot of people do not trust Wall Street. They regard it as a moneymaking machine for those who work there, which has little interest in practice in its stated aim of channeling capital into businesses and helping them to grow for the broader benefit of society. For such skeptics, Steven Cohen is Exhibit A.”—John Gapper, Financial Times

“A richly reported, entertaining tale about the cat-and-mouse game between the government and Cohen.”—Andrew Ross Sorkin, The New York Times Book Review

“Masterfully deconstructing a massive web of Wall Street operating, New Yorker staff writer Sheelah Kolhatkar retraces the seven-year government investigation that took down the firm—though not the man—in a true-life thriller with Shakespearian stakes. . . . Her chilling account of a blighted industry is as mesmerizing as a human story as it is as a financial one.”—Fortune

“There are few financial-industry struggles as titanic as the one portrayed in these pages.”—Reuters BreakingViews

“One of the best books about the 2008 financial meltdown.”—The Globe and Mail

Categories : Corruption & Misconduct in Politics, Finance

ASIN ‏ : ‎ B01M0T8H53

Publisher ‏ : ‎ Random House; Reprint edition (February 7, 2017)

Publication date ‏ : ‎ February 7, 2017

Language ‏ : ‎ English

File ‏ : ‎EPUB, 807 KB

Text-to-Speech ‏ : ‎ Enabled

Screen Reader ‏ : ‎ Supported

Print length ‏ : ‎ 370 pages