Steve Cohen is still minting money.
The former hedge fund manager's personal investing shop, Point72 Asset
Management, has generated a gross profit of about $1.8 billion so far
this year, according to a person with knowledge of the returns.
The exact percentage gain was unclear, but it's much more than the
average hedge fund. Point72 manages between $9 billion and $10 billion,
the vast majority of it for Cohen. The average stock-focused hedge fund,
as measured by the Absolute Return US Equity Index, gained 2.58 percent net of fees through September.
The family office has about 860 employees, down from 1,050 when SAC
plead guilty to criminal insider trading charges. About 460 staffers are
based at Point72's Stamford, Connecticut, headquarters; most others are
in New York City.
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