• 26 Feb 2013 at 11:51 AM

Steve Cohen Did Pretty Well For Himself Last Year

The end of 2012 might’ve been a tough one for the SAC Capital founder, what with the matter of a former employee being accused of orchestrating “the most lucrative insider trading scheme ever,” being referenced in the complaint as Portfolio Manager A, and ultimately being forced to show the softer side of Steve but the Big Guy still managed to take home $1.3 billion, so he’s got that going for him. Other people who made a respectable amount of money include highest earning hedge fund manager David Tepper, with $2.2 billion, Carl Icahn at $1.9 billion, and retired person James Simons, who didn’t have to lift a finger for his $1.9 billion. [Forbes]

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Comments (4)

  1. Posted by guest | February 26, 2013 at 12:03 PM

    crime pays!

    -carlo gambino

  2. Posted by Guest | February 26, 2013 at 12:05 PM

    Better than you think.

    -Marty Oma

  3. Posted by top "earner" | February 26, 2013 at 12:20 PM

    This list is always a joke.

    Paulson made money last year, while none of his funds earned performance fees.

    In other words his invested capital increased in value slightly in 2012 after being down massively in 2011.

  4. Posted by asdf | February 26, 2013 at 1:32 PM

    Must be hard for Dalio to slum it on <10 figures