Steven Cohen
Steven Cohen is a renowned hedge fund manager and the Chairman and CEO of Point72 Asset Management, a leading global multi-strategy investment firm. Widely recognized as one of the most successful hedge fund investors in the world, Cohen is known for his aggressive and highly effective investment strategies, consistently generating significant returns for his firm and clients. He previously founded SAC Capital, one of the most successful hedge funds in history. In 2020, Cohen purchased the New York Mets for $2.4 billion, marking the highest sale price ever for a Major League Baseball team. Beyond finance, he is a dedicated philanthropist and entrepreneur, actively supporting nonprofit organizations with a focus on health, education, and veterans’ 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 by Steven Cohen with $25 million of his own capital.
The firm achieved remarkable returns during the late-1990s dotcom boom, posting 70% gains, and again earned 70% when shorting tech stocks after the bubble burst in 2000.
In November 2012, the SEC indicted Mathew Martoma, a former SAC Capital portfolio manager, for insider trading, ultimately leading Cohen to shut down SAC Capital after the firm pleaded guilty to insider trading charges, incurring $1.8 billion in penalties.
SAC Capital officially closed in 2016, coinciding with Cohen’s two-year ban from managing outside investors’ funds.
EARLY CAREER
Cohen began his investing career at Gruntal & Co., where he managed proprietary capital for 14 years before launching his own investment business.
He is widely recognized for being at the center of one of the U.S. government’s most high-profile insider trading investigations.
ART & PHILANTHROPY
Cohen is an avid art collector, known for owning one of the world’s most distinguished private art collections and serving as a guarantor for major art auctions.
He has donated over $1 billion to philanthropic initiatives, including programs supporting veterans, children’s health, and community development.
In 2015, he founded the Cohen Veterans Network and Cohen Veterans Bioscience to improve mental healthcare, treatment, and overall quality of life for veterans and their families.
MEDIA PRESENCE
Cohen has been widely profiled in leading financial and mainstream media, including Forbes, Bloomberg, Fortune, Financial Times, CNBC, Yahoo! Finance, Business Insider, Reuters, The Wall Street Journal, The New York Times, and Institutional Investor, cementing his reputation as one of the most influential figures in hedge fund management and finance.