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Steven A. Cohen (born June 11, 1956) is an American hedge-fund manager and owner of the New York Mets of Major League Baseball (MLB) since September 14, 2020, owning just over 97% of the team. [3] He is the founder of hedge fund Point72 Asset Management and S.A.C. Capital Advisors .
In 1961, Cohen's family moved to Coral Gables, Florida, where his father took a residency in psychiatry at the University of Miami. From 1964 to 1966, the Cohens lived in Pasadena, California , where Dr. Cohen completed a fellowship in pediatric psychiatry at the University of Southern California .
The firm shrank after returning the vast majority of its outside investor capital (i.e., not controlled by Steven Cohen personally). Point72 Asset Management was established as a separate family office in 2014. SAC ceased to exist as a separate entity in 2016. [7] Point 72, essentially the continuation of SAC, manages 30 Billion as of 2023. [8]
Gabe Plotkin was born and raised in a modest family in Portland, Maine. ... In 2006, he joined S.A.C. Capital Advisors, a hedge fund founded by Steve Cohen, ...
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Despite New York Mets owner Steve Cohen's success signing Juan Soto, the owner has struggled to make headway to bring back Pete Alonso. (Photo by Mary DeCicco/MLB Photos via Getty Images) (Mary ...
Point72 was founded in 2014 by Steve Cohen as the successor to SAC Capital, after the firm pled guilty to federal insider trading charges and paid a $1.8 billion fine. [7] [8] In March 2014, SAC Capital transferred the bulk of its assets to Point72 and was placed in "run-off," or a winding-down of its operations.
During the pandemic, Cohen purchased 95% ownership of the New York Mets for $2.4 billion, which is the largest-ever sale in Major League Baseball. Now he’s deepening his well. Now he’s ...