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United States Steven A. Cohen has established himself as a prominent figure in finance, transitioning from a hedge fund manager to the Chairman and CEO of Point72 Asset Management and owner of the New York Mets.
Steven A. Cohen is the Chairman and Chief Executive Officer of Point72, a global multi-strategy asset management firm. He founded it by converting his investment operations from S.A.C. Capital Advisors in 2014, and it later transitioned to accepting outside capital in 2018.
Steven A. Cohen founded S.A.C. Capital Advisors in 1992, which grew into one of Wall Street's most successful hedge funds before it was involved in insider trading allegations. The firm paid record fines and its operations were converted into Point72 Asset Management in 2014.
Steven A. Cohen became the owner of the New York Mets major league baseball team in 2020, a role in which he also serves as Chairman and CEO. He had previously been a minority owner of the team since 2012.
Steven A. Cohen and his wife, Alexandra, founded this foundation in 2001. It is dedicated to achieving meaningful change through commitments to Lyme and tickborne disease research, supporting underserved communities, children, the arts, and sustainability initiatives.
Established by Steven A. Cohen in 2015, this network focuses on improving mental healthcare, treatment, and quality of life for veterans and their families.
Leveraging his lengthy career in public markets, Steven A. Cohen founded Point72 Private Investments, which encompasses global venture capital and growth equity strategies.
Cohen's Connecticut-based venture fund, Point72 Ventures, is a financial backer of Range Media Partners, a new Los Angeles-based management and production firm in the entertainment industry.
DIGITAL, a Metaverse investment venture backed by Cohen, led a $50M Series A fundraising round in RECUR, a tech startup that develops “on-chain branded experiences” including NFTs.
In 2015, Steven A. Cohen and his wife, Alexandra, donated $2.25 million to America Leads, a Super PAC that supported Chris Christie's presidential candidacy.
Steven A. Cohen was born on June 11, 1956, in Great Neck, New York, to a family of 10 children. He developed an early interest in poker, which he credits with teaching him about risk-taking. Cohen pursued higher education at The Wharton School at the University of Pennsylvania, graduating in 1978 with a Bachelor of Science in Economics. While at university, he joined the Zeta Beta Tau fraternity and served as its treasurer. Beginning his career on Wall Street in 1978, Cohen joined Gruntal & Co. as a junior trader in the options arbitrage department. He quickly demonstrated his trading acumen, reportedly making an $8,000 profit on his first day. Over 14 years at Gruntal & Co., he advanced to manage a $75 million portfolio and a team of six traders, consistently generating around $100,000 in daily profits for the firm. His early career at Gruntal & Co. laid the foundation for his future endeavors in the financial world.
In 1992, Steven A. Cohen founded S.A.C. Capital Advisors, leveraging $10 million of his personal capital and an additional $10 million from external investors. Under his leadership, the firm became known for its aggressive, high-volume trading strategies, often holding positions for only a few days or even hours. By 1999, SAC Capital reportedly traded 20 million shares per day, and by 2006, the firm accounted for approximately 2% of all daily stock market trading activity. The firm achieved an impressive average annual return of 25% for its investors between 1992 and 2013, navigating both the dot-com bubble and its eventual burst with significant success. This period marked Cohen’s rise as a highly influential figure in the hedge fund industry, known for his ability to generate substantial profits through calculated risk-taking and market insights. His success with SAC Capital led to its evolution into a multi-strategy asset management firm, expanding its focus beyond equities to include fixed income and global quantitative strategies.
Following the transformation of his investment operations, Steven A. Cohen converted SAC Capital into Point72 Asset Management, a family office, in 2014. After a period of operating as a family office, the firm transitioned to a registered investment advisor and began accepting outside capital again in 2018. Beyond his financial ventures, Cohen expanded his influence into professional sports by purchasing the New York Mets baseball team in 2020, becoming its Chairman and CEO. An active philanthropist, Cohen co-founded the Steven & Alexandra Cohen Foundation in 2001, which supports various causes including Lyme and tickborne disease research, underserved communities, children, the arts, and sustainability. In 2015, he established the Cohen Veterans Network to provide mental healthcare for veterans and their families. He also serves on the Emeritus Board of the Robin Hood Foundation and the Museum of Modern Art (MoMA) Board of Trustees, demonstrating his commitment to social impact and cultural institutions.
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