• 02 Jan 2014 at 9:15 AM

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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Comments (8)

  1. Posted by Guest | January 2, 2014 at 9:53 AM

    Hell yes!

  2. Posted by Guest | January 2, 2014 at 10:03 AM

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

  3. Posted by Dr Snarf | January 2, 2014 at 10:20 AM

    Absolutely sort of!

  4. Posted by Guest | January 2, 2014 at 11:18 AM

    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.

  5. Posted by segoviacobain | January 2, 2014 at 11:40 AM

    Cold calling works! Just ask Bud Fox here…

  6. Posted by Guest | January 2, 2014 at 2:01 PM

    With a little help from your friends

    - Martoma

  7. Posted by pogo | January 2, 2014 at 4:49 PM

    Wait, insider trading pays off? Who knew!

  8. Posted by Guest | January 3, 2014 at 1:29 PM

    "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!