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Steve Cohen's Still Got It

Shane Ferro   

Steve Cohen's Still Got It
Finance1 min read

steve cohen king graphicBusiness Insider

Steve Cohen's new family office, Point72 Asset Management, had a good year.

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. 

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