Profits soar after disgrace at Cohens hedge fund

[utrecht]

Profit Soaring After Disgrace at Steven Cohen’s Hedge Fund

Let me summarize:

1) Cohen disgraced after his hedge fund got caught insider trading

2) He now has a 98,000 sqft office employing 850 people to trade his personal $9-$10 billion personal fortune as hes not allowed to trade other peoples money anymore.

3) He made about $1 billion in the first half (before overhead)

4) He has a net return of about 4-5% in the first half

5) Big whoopie do.....I beat him with no employees by being mostly in index funds and a little bit of trading for fun. So did most people on this forum. SP500 was +7% in the first half.

6) Nothing to see here

 

[MRG]

There is a difference, he's w*rking.

Sent from my SAMSUNG-SGH-I337 using Early Retirement Forum mobile app

 

[aja8888]

I'd love to make $1 billion during ANY half!

 

[utrecht]

If you had $10 billion, you could make $1 billion with no employees and a laptop, then you wouldn't need to spend $500-$600 million on overhead.