People

Steven Cohen

Steven Cohen

Formal First Name
Steven
Link
Dates
6/11/1956 - present
Location

Steve Cohen is the Chairman and Chief Executive Officer of Point72. He is also the Founder of the now-defunct SAC Capital Advisors, one of the most successful hedge funds ever. Cohen is a billionaire hedge fund manager and investor known for employing high-risk, high-reward trading strategies. He also holds a large portfolio of luxury real estate that spans from the Hamptons and to Connecticut to Los Angeles.

Professional Experience


Academic History

  • Cohen began his investing career at Gruntal & Co, where he managed proprietary capital for 14 years.
  • Forbes ranked him as the eighth highest-earning hedge fund manager in the United States in 2018 but did not include him on the list in 2019.
  • He created Cohen Veterans Network and Cohen Veterans Bioscience in 2015 to improve the mental healthcare, treatment, and quality of life for veterans and their families.
  • He is an avid fine art collector and has been a Guarantor for fine art Auctions.
  • He has given $715 million to philanthropic causes over his lifetime, including causes related to veterans and children's health.
  • In 2020, he bought the iconic New York Mets major league baseball team for $2.4 billion.
  • As of February 2021, he has an estimated net worth of $10.2 billion. 


SAC Capital

  • SAC Capital was founded with $25 million of Cohen’s own money.
  • His success with SAC was predicated on high-risk, high reward trades.
  • His portfolio rode the late-’90s dotcom bubble to 70% returns and earned another 70% when he shorted those same stocks when the tech-bubble burst in 2000.
  • He may not have made his fortune legally. His firm pled guilty to securities and wire fraud in 2013.
  • In 2010, the company became the subject of an insider trading investigation launched by the SEC.
  • While Cohen himself was never charged, the firm pled guilty to trafficking in nonpublic information and was forced to return investor capital and pay $1.8 billion in fines.
  • SAC was officially closed in 2016 when Cohen began serving a two-year ban on managing other investorsmoney. The ban expired in January 2018.