Forbes – A little more than one year ago, Steve Cohen’s SAC Capital Advisors pleaded guilty to insider-trading related charges stemming from a sweeping federal investigation into the hedge fund firm. Cohen’s SAC Capital, one of the most successful hedge fund firms ever, agreed to pay $1.8 billion to the federal government and stop managing money for outside investors. Instead, Cohen, who was never criminally charged, converted SAC Capital into a family office that manages his personal fortune and rebranded it Point72 Asset Management.
Cohen tops Forbes’ list of the highest-earning hedge fund managers and traders, making an estimated $1.3 billion in 2014. In the end, not a lot has changed for Cohen. Prior to pleading guilty, much of the money managed by SAC Capital already belonged to Cohen. Point72 Asset Management, which has some 800 employees, still functions like a major hedge fund and manages more than $10 billion.
