Has Steve Cohen Lost His Mojo?

The onetime hedge fund kingpin posts mediocre returns — as do several others, including ExodusPoint and Millennium.

Steve Cohen (Scott Eells/Bloomberg)

Steve Cohen

(Scott Eells/Bloomberg)

A little more than a year after he returned to managing money for outside investors, Steve Cohen’s $12.9 billion Point72 Asset Management is falling behind the raging bull market.

Point72 is up 4.75 percent for the first quarter, after gaining 1.25 percent in March, according to an individual familiar with the returns.

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