Steve Cohen Doesn’t Need Your Pity!

Steven A. Cohen is exiting the hedge-fund stage with a 2013 performance that is ahead of the pack. As the beleaguered hedge fund manager’s SAC Capital Advisors prepares to return outside money and manage only its billionaire founder’s cash beginning next month, it is closing in on a banner year relative to its peers. The firm’s flagship fund is up more than 20% through Dec. 27, a person familiar with its returns confirmed. Just this month, the fund is up approximately 2%, the person said. The median multistrategy hedge fund was up 9% through the end of November, according to the Absolute Return Multistrategy Index. [WSJ]

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8 Responses to “Steve Cohen Doesn’t Need Your Pity!”

  1. Guest says:

    Hell yes!

  2. Guest says:

    Does that performance figure include legal fees and fines paid to the Federal government?

  3. Guest says:

    I pity him for not buying Warren Buffett shares at the beginning of the year and doing nothing but riding the big Zamboni for the rest of the year. Return would have been better.

  4. segoviacobain says:

    Cold calling works! Just ask Bud Fox here…

  5. Guest says:

    With a little help from your friends

    – Martoma

  6. pogo says:

    Wait, insider trading pays off? Who knew!

  7. Guest says:

    "The median multistrategy hedge fund was up 9% through the end of November"…____Never struck me as funny until now: of course they're "multistrategy," since you can't depend on insider trading for *all* of your profits!