Steve Cohen’s New Fund Falls Flat, Posts Paltry 1% Return During First Year Of Trading

Original post

Limited partners who had been hoping that Steven Cohen’s triumphant comeback would mark a return to the halcyon days of 30%+ P&Ls have been deeply disappointed.

According to Bloomberg, the hedge fund titan who opened his Point72 Capital Management to outside investors earlier this year following the lifting of a four-year ban from managing outside money notched a comparatively piddling 1% return during his first year back (Cohen had been managing his own money through a family office during the ban).

Cohen

Steve Cohen

To be sure, Cohen at least managed to put up positive numbers, which is more than almost every other hedge

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