Hedge-fund mogul Stevie Cohen will be pitching at Yankee Stadium tomorrow.
No, the 56-year-old billionaire is not suiting up for the Bronx Bombers — but he will be hoping the magic of the House that Ruth Built will yield some investment cash.
Cohen, whose SAC Capital faces a loss of $1.7 billion from investors who want out of his $15 billion hedge fund, is one of about 70 hedge fund managers who’ll be at the Stadium tomorrow making a pitch to prospective new investors at a day-long event sponsored by Goldman Sachs.
SAC, which just settled Securities and Exchange Commission charges over insider trading, has recently re-opened its fund to new investments.
The Goldman Sachs Fifth Annual US Hedge Fund Symposium will also feature such star players as Pershing Square’s Bill Ackman, Saba Capital’s Boaz Weinstein, Maverick Capital’s Lee Ainslee, Millennium’s Izzy Englander and Glenview’s Larry Robbins.
As many as 500 investors have been invited by Goldman — the team’s banker and an original investor in the Yes Network — and will meet the hedgies, whose names will appear on the scoreboard, in the luxury boxes.
The money managers will have a series of 45 minute chats with small groups of investors who get to meet with up to eight managers determined through a lottery system.