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Point72 Asset Management is an American hedge fund. It was founded in 2014 by Steve Cohen , after his previous company S.A.C. Capital Advisors pled guilty to insider trading charges. In 2018, the company reopened to external investors after a two-year ban and began accepting outside capital. [ 4 ]
In 2024, Forbes Magazine estimated Cohen's fortune at $21.5 billion, ranking him the 30th richest person in the United States. [33] Cohen was dubbed "the hedge fund king" in a 2006 Wall Street Journal article. His 2005 compensation was reportedly $1 billion, [34] considerably higher than his 2001 compensation of $428 million. [10]
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