BOSTON ( TheStreet) -- Steven Cohen's SAC Capital, which has suffered catastrophic losses in biotechnology firm Dendreon ( DNDN), made more mundane new purchases in the second quarter, including tractor maker Deere ( DE).Cohen's Stamford, Conn.-based hedge fund was founded in 1992 and has generated average annual returns of about 30%, according to The Wall Street Journal. As the largest investor in his own funds, Cohen usually earns more than $1 billion a year.
|Steven A. Cohen (SAC Capital)|
10. Gen-Probe ( GPRO) Company Profile: Gen-Probe develops nucleic acid tests used to diagnose human diseases and to screen donated human blood. Cohen's Investment: SAC Capital established a new position in Gen-Probe by buying up 268,000 shares of the company, which had a market value of roughly $18 million as of June 30. Share Price Performance: The stock rose to a 52-week high of $86.96 in May but has been a losing investment since Cohen reported a stake. Shares of Gen-Probe are down nearly 12% since July 1.