Steve Cohen's Still Got It

Steve Cohen’s new family office, Point72 Asset Management, had a good year.

Matthew Goldstein at Dealbook reports that the firm, which now manages only Cohen’s family money, made a gross profit of $US2.5-3 billion in 2014 after launching in April with about $US10 billion.

The $US2.5-3 billion figure doesn’t take into account operating costs, but it’s pretty good for a guy who just got out from under the thumb of federal prosecutors eight months ago — particularly since hedge funds averaged a return under 4% last year. 

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.