This SAC Alum Stands Out in Hedge Fund Rankings
- Melvin Capital gains 2.9% in turbulent January, 47% in 2015
- Fund focuses on consumer companies like Amazon, McDonald's
Why SAC Alumni Are Making Steve Cohen Proud
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Call them Cohen cubs.
At least a dozen former SAC Capital Advisors traders started hedge funds in the last five years after leaving Steven A. Cohen’s firm, which returned money to investors after pleading guilty in 2013 to securities and wire fraud. Gabriel Plotkin, an equities trader, stands out among SAC alumni, with his $1.5 billion Melvin Capital fund gaining 2.9 percent in January as the market plunged, according to a person familiar with the returns.