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
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