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Profits soar after disgrace at Cohens hedge fund
Old 07-30-2014, 08:31 AM   #1
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Profits soar after disgrace at Cohens hedge fund

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

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Old 07-30-2014, 09:42 AM   #2
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There is a difference, he's w*rking.

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Old 07-30-2014, 10:18 AM   #3
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I'd love to make $1 billion during ANY half!
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Old 07-30-2014, 12:35 PM   #4
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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.
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