S teven A. Cohen is a legendary and controversial American hedge fund manager, renowned for his remarkable ability to generate consistently high returns. He is the founder of the hedge fund S.A.C. Capital Advisors and its successor, the family office Point72 Asset Management. He began his career on Wall Street as a trader and founded S.A.C. in 1992. The firm became one of the most successful and profitable hedge funds in the world, with Cohen earning a reputation for his aggressive, high-volume, short-term trading style.
His career has been marked by significant controversy. In 2013, S.A.C. Capital pleaded guilty to insider trading charges, paid a record $1.8 billion in fines, and was forced to stop managing money for outside investors. Cohen himself was not criminally charged, but he was banned from managing public money for two years. After the ban was lifted, he converted his family office, Point72, back into a hedge fund and began accepting outside capital again. In 2020, he fulfilled a lifelong dream by purchasing a majority stake in the New York Mets of Major League Baseball, becoming the richest owner in the sport.
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