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Steven Cohen promises traders much bigger bonuses – with a catch

Point72 Asset Management’s president says change is designed to lure new staff during a potential shake-up of the hedge fund industry

Steven Cohen
Steven Cohen Photo: Getty Images

Steven A Cohen is boosting the bonuses he pays to the top traders managing his $11 billion family fortune, but only if they beat the market.

The move is in some ways a return to the free-spending ways of Cohen's former hedge fund firm, SAC Capital Advisors, which stopped managing outside investors' money after the firm pleaded guilty to insider trading three years ago.

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