Steven Cohen Still Beating Hedge Funds After Shutting SAC
This article is for subscribers only.
Even after shutting down SAC Capital Advisors LP, Steven A. Cohen is still beating most hedge funds.
The billionaire, who started Point72 Asset Management LP to oversee his own wealth, has gained about 9 percent this year, according to two people with knowledge of the matter. Hedge funds on average have returned 2.5 percent this year through June, according to data compiled by Bloomberg.