Steve Cohen's Still Got It
Jan 6, 2015, 04:07 IST
Advertisement
Matthew Goldstein at Dealbook reports that the firm, which now manages only Cohen's family money, made a gross profit of $2.5-3 billion in 2014 after launching in April with about $10 billion.
The $2.5-3 billion figure doesn't take into account operating costs, but it's pretty good for a guy who just got out from under the thumb of federal prosecutors eight months ago - particularly since hedge funds averaged a return under 4% last year.