Deepak Narula’s Metacapital Management may be the most successful hedge fund of 2012 according to Bloomberg Markets Magazine, but that doesn’t mean it made the most money.
That accolade goes to none other than Steve Cohen’s SAC Capital. The $14 billion firm raked in $789.5 million for its managers, but it only ranks at #89 in on the list of 100 Most Successful Hedge Funds in 2012 having posted returns of a little over 10%.
Still, that’s not terrible in a year when the hedge fund industry’s average return is resting at 1.3%. So Cohen hasn’t had a bad year, SEC investigations aside.