BOSTON ( TheStreet) -- Need new investment ideas? Steven Cohen's SAC Capital hedge fund initiated 461 equity bets in the fourth quarter, including recent hot IPO Michael Kors Holdings ( KORS) and Reliance Steel ( RS).Cohen's Stamford, Conn.-based hedge fund was founded in 1992 and has generated average annual returns of about 30% with a long-short equity strategy, 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. Wolverine World Wide ( WWW) Company Profile: Wolverine World Wide is a maker of footwear and apparel under brand names like Wolverine, Cat Footwear, Harley-Davidson Footwear, Hush Puppies, and Patagonia. SAC Capital's Investment: Cohen's fund bought 413,000 shares of Wolverine in the fourth quarter, which had a market value of $14.7 million as of Dec. 31. Share Price Performance: Shares of Wolverine climbed 9% in 2011 and are up another 9.5% early into 2012, likely making this a small-but-winning position for Cohen's fund, depending on the purchase date.