SAC Capital’s Steven Cohen Had a Profitable 2012

Steven Cohen, founder and CEO of SAC Capital Advisors, speaks at the 2011 SkyBridge Alternatives (SALT) conference in Las Vegas. Photograph by Ronda Churchill/Bloomberg

The annual ranking of the highest-earning hedge fund managers for 2012 reveals at least two intriguing truths: First, running a large fund, and raking in billions in fees, seems to be as effective a way of making money as earning market-beating returns for one’s investors. And second, in spite of the intense heat of a multi-agency government insider-trading investigation, SAC Capital Advisors’ Steven Cohen is continuing to make a tremendous amount of money.

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