Is the FBI Gunning for Steve Cohen? Or Just Any Big Fish?

Today’s FBI-investigated hedge funds: Wellington Management, Balyasny Asset Management. According to the WSJ, “The Securities and Exchange Commission has shifted its focus on insider trading toward serial offenders and intertwined rings rather than individual trades.” Here’s Dealbreaker’s thinking: it’s all about the elusive, secretive Steve Cohen. On that, no idea: but it is true the reasonably oft-maligned SEC needs to bag some big game (and also, for once, to shoot it dead).