Steven Cohen
Steven Cohen is a prominent hedge fund investor and the Chairman and CEO of Point72 Asset Management, a global multi-strategy asset management firm. Cohen is one of the most successful hedge fund managers in the world, known for his aggressive investment strategies and remarkable ability to generate high returns. He founded the now-defunct SAC Capital, one of the most successful hedge funds ever. He bought the New York Mets in 2020 for $2.4 billion, the highest sale price ever for an MLB team. Cohen is also an avid philanthropist and entrepreneur who has founded and holds active leadership roles in a number of nonprofit organizations. His philanthropic efforts focus on health, education, and veteran’s affairs.
Steven Cohen Professional Experience / Academic History
Professional Experience
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Founder, Chairman, and Chief Executive Officer
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Founder and Principal
Academic History
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B.S., Economics
CURRENT AFFILIATIONS
Emeritus Board, Robinhood Foundation
Founder, Steven & Alexandra Cohen Foundation
Founder, Cohen Veterans Network
Founder, Cohen Veterans Bioscience
SAC Capital was founded with $25 million of Cohen’s own money.
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.
In November 2012, the SEC indicted Mathew Martoma, a former SAC Capital portfolio manager, for insider trading.
Cohen was forced to shut down SAC Capital after the firm pleaded guilty to insider trading charges that cost him $1.8 billion in penalties.
SAC was officially closed in 2016 when Cohen began serving a two-year ban on managing other investors’ money.
EARLY CAREER
Cohen began his investing career at Gruntal & Co., where he managed proprietary capital for 14 years before starting his own investment business.
He is perhaps best known for having been the subject of one of the government’s most high-profile insider trading investigations.
ART & PHILANTHROPY
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 has given $1 billion to philanthropic causes over his lifetime, including causes related to veterans and children's health.
He is an avid fine art collector and has been a Guarantor for fine art Auctions. He is known for owning one of the best private art collections in the world and for his many multimillion-dollar homes.
MEDIA & PUBLICATIONS
Cohen has been profiled or featured in various financial media outlets and publications.
He has been featured in Forbes, Bloomberg, Fortune, Financial Times, CNBC, Yahoo! Finance, Business Insider, Reuters, The Wall Street Journal, The New York Times, Institutional Investor, and more.