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Steven A. Cohen (born June 11, 1956) is an American hedge-fund manager and owner of the New York Mets of Major League Baseball (MLB) since September 14, 2020, owning just over 97% of the team. [3] He is the founder of hedge fund Point72 Asset Management and S.A.C. Capital Advisors .
Forbes pegs Cohen’s net worth at just over $21 billion. Success is no secret for Cohen, who recently appeared on his firm’s podcast, Becoming a Hedge Fund Analyst: Inside Point72 Academy.
The company's name 'SAC Capital' derived from Steven A Cohen's initials. [9] The company started trading with $25 million in 1992, grew its assets under management to $16 billion, and became the world's highest-returning hedge fund: SAC averaged annual returns of 30% net of fees under a 3% management fee and 50% performance fee from 1992 to 2013.
In this article we take a look at billionaire Steve Cohen’s top 10 stock picks. You can skip our detailed discussion of Cohen’s history, his hedge fund’s performance and go to Billionaire ...
And few are as well-versed in the investing game as billionaire Steve Cohen. Famous for his high-r. 2022 has undoubtedly been a rough one for investors. Even accounting for the recent gains, all ...
Point72 was founded in 2014 by Steve Cohen as the successor to SAC Capital, after the firm pled guilty to federal insider trading charges and paid a $1.8 billion fine. [ 7 ] [ 8 ] In March 2014, SAC Capital transferred the bulk of its assets to Point72 and was placed in "run-off," or a winding-down of its operations.
Business. Fitness. Food. Games. Health. Home & Garden. Medicare. News. ... Steven Cohen of Point72 Asset Management (409,042 shares) ... as evidenced by the 110% net sales growth the company ...
His net worth was estimated in early 2025 to be $11.1 billion by Forbes and $12.6 billion by the Bloomberg Billionaires Index. [ 92 ] [ 93 ] He held $2.54 billion in Apollo shares as of June 2023 [update] .