Disgraced hedge fund manager focuses on aiding veterans – the new york times

Steven A. Homemade spaghetti sauce recipe to can Cohen is helping veterans who have post-traumatic stress or traumatic brain injuries and doing research into diagnostic tools and treatments for those conditions. Sauce for pasta and sausage Credit

Sitting at the circular table in his office, near an elliptical machine, treadmill and massage table, Steven A. Making homemade spaghetti sauce from scratch Cohen struggled to find words to describe what motivates his new philanthropic effort.

“You know what I think it is, I was looking for something unique, special, something that I could own,” said Mr. Homemade tomato basil pasta sauce Cohen, the billionaire investor, in an interview at his family office, Point72 Asset Management. Homemade tomato pasta sauce It is in the same building as his former hedge fund, SAC Capital Advisors, which in 2013 paid $1.8 billion in fines to federal prosecutors and securities regulators.

That something is a two-pronged initiative to help veterans who return from combat with post-traumatic stress or traumatic brain injuries and a separate nonprofit organization to do research into diagnostic tools and treatments for those conditions.

Mr. Best homemade spaghetti sauce recipe for canning Cohen, who is prohibited from managing other people’s money until 2018, is approaching this endeavor in a way common to others in hedge funds: focusing on an issue and going big. Tomato pasta sauce with cream cheese Continue reading the main story

By this spring he had committed $325 million to the effort through the Cohen Veterans Network, which runs clinics to offer treatment, and Cohen Biosciences, which does scientific research. Homemade pasta sauce to freeze He is expanding them, quickly adding clinics and providing the funds to make the research arm a player.

More than giving money, he has recruited retired Adm. Homemade spaghetti sauce recipe paula deen Michael G. Homemade tomato and basil pasta sauce Mullen, the respected former chairman of the Joint Chiefs of Staff, to head the board of the Cohen Veterans Network.

Mr. Homemade spaghetti sauce from ketchup Cohen said that giving to veterans’ charities was something he wanted to do before the federal investigations and something he had started doing in 2011 through Robin Hood, the anti-poverty charity that is a favorite among hedge funds. Best homemade spaghetti sauce with fresh tomatoes One of his sons served in the Marines after college from 2009 to 2012, including a tour of duty in Afghanistan.

But what puts Mr. Making pasta sauce from scratch with tomatoes Cohen in line with other hedge fund philanthropists is his belief in himself and his ability to guide the organizations. Making sauce for pasta “We have an approach that is more rigorous,” he said. Homemade pasta sauce for toddlers “The problem with the veterans’ charity arena is it’s incredibly fragmented. Easy homemade spaghetti sauce from scratch This charity raises $3 million. Tomato pasta sauce recipe jamie oliver The charity in Tampa raises $2 million, and they do what they do.”

Regardless of Mr. Pasta sauce homemade recipe Cohen’s timing or his motivation, his approach to veterans’ issues follows a path taken by other hedge fund managers: Get involved with Robin Hood, start a family foundation and then find an issue that hedge fund money and connections might fix.

Hedge fund pioneers like George Soros and Paul Tudor Jones gave substantially to organizations of their creation aimed at big problems — Mr. White sauce recipe for pasta by sanjeev kapoor Soros to the Open Society Foundation, which promotes democracy, and Mr. Tomato pasta sauce with hidden veg recipe Jones in founding Robin Hood.

Among Mr. Making a cheese sauce for pasta Cohen’s contemporaries, Stanley Druckenmiller has focused on medical research and education — earning the title America’s Most Charitable Man in 2009 from The Chronicle of Philanthropy — and Louis Bacon has put his philanthropic energy behind environmental causes.

With veterans, Mr. Homemade pasta sauce canning Cohen makes clear that this is his project alone, separate from the charitable work his family foundation has done under the oversight of his wife, Alexandra. Recipe for easy homemade spaghetti sauce (Their family foundation, which gives away about $50 million a year, has focused on causes like children’s health and Lyme disease.)

While Mr. Recipe sauce for pasta Cohen insisted during recent interviews at his office that he is not following anyone else’s model in giving to veterans’ charities, he learned through Robin Hood, having spent a decade on its board before stepping down in 2014.

In 2011, when Robin Hood formed a committee to give $13 million to help veterans in New York City, Mr. Homemade spaghetti sauce from scratch using fresh tomatoes Cohen was part of the effort, which is how he met Admiral Mullen. Homemade healthy pasta sauce That experience gave Mr. Homemade spaghetti sauce from scratch fresh tomatoes Cohen the idea to focus on veterans’ mental health and take it nationwide.

Hedge fund managers like Mr. How to make homemade tomato pasta sauce Cohen bring a lot to a cause, starting with the millions and billions of dollars they have made managing other people’s money. Homemade pasta tomato sauce And nonprofit organizations would not exist without big donations.

“They made their money by being innovative,” said Bill Woodson, who runs the family office business in North America for the Citi Private Bank. How to make easy homemade pasta sauce “They have a penchant for trying to do things differently. Homemade pasta sauce easy They can do something others aren’t targeting.”

Dr. Homemade tomato pasta sauce with fresh tomatoes Anthony Hassan, who runs the Cohen Veterans Network, said the five clinics he had opened, in Dallas, Los Angeles, New York, Philadelphia and San Antonio, are a model for veterans’ health care. Healthy homemade pasta sauce They provide free treatment for veterans but also for their families, whereas the Veterans Affairs Department only treats veterans. Homemade mushroom sauce for pasta Photo

“I have all the resources possible to succeed,” Dr. Quick homemade pasta sauce Hassan said about the goal to open 25 clinics at about five a year. Homemade tomato pasta sauce recipe “We’re delivering mental health care to a population that needs it, but we’re also able to advance the field.”

Hedge fund giving has downsides. Homemade pasta sauce simple The managers are confident, some say overconfident, in their abilities to succeed. White sauce recipe for pasta easy But the ability that allowed them to amass fortunes with a singular focus does not always translate to the more collaborative world of philanthropy.