"In the seven years he has managed money, Cohen has averaged a compounded annual return of 45 percent, with only three losing months in the entire period - the worst a tiny 2 percent decline. These numbers, however, dramatically understate Cohen's trading talent. Cohen is so good that he is able to charge a 50 percent profit incentive fee, which means that his actual trading profits have averaged approximately 90 percent per year."
- from Stock Market Wizards, Jack Schwager, 2001