BOSTON ( TheStreet) -- Steven Cohen's SAC Capital, which has suffered catastrophic losses in biotechnology firm Dendreon ( DNDN), made more than 300 new bets in the third quarter, including the popular SPDR Gold Trust ETF ( GLD) and industrial gas supplier Praxair ( PX).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. Colgate-Palmolive ( CL) Company Profile: Colgate-Palmolive is a consumer-products company. It has market positions in six product categories: consumer batteries, pet supplies, electric shaving & grooming, electric personal care, portable lighting & home and garden control products. Its brands include Colgate, Palmolive, Ajax, Irish Spring, Murphy Oil and Speed Stick. SAC Capital's Investment: Cohen's fund bought 66,000 shares of Colgate-Palmolive in the quarter, which had a market value of $5.9 million as of Sept. 30. Share Price Performance: Colgate-Palmolive shares are up a solid 10% this year, although the stock is flat since Sept. 30.