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The career rise of billionaire Steve Cohen, the hedge fund legend who owns the Mets

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Steve Cohen runs the $39 billion hedge fund Point72 Asset Management and was famously dubbed the "hedge fund king" in 2006.
Steve Cohen, the billionaire hedge fund manager and owner of the New York Mets, has a net worth estimated at $17.5 billion. He founded Point72 Asset Management, which manages over $31 billion in assets. Cohen's wealth primarily stems from his previous hedge fund, SAC Capital Advisors, which he shut down in 2016 after it pleaded guilty to insider trading charges, resulting in a $1.8 billion fine. Despite this, Cohen has continued to thrive in the financial world, with Point72 focusing on long/short equity strategies. His ownership of the Mets, which he purchased for $2.4 billion in 2020, reflects his significant investment in sports, aiming to turn the team into a perennial contender. Cohen's approach to both finance and baseball is marked by his aggressive investment strategies and a commitment to high performance.

Read the Full Insider Article at:
[ https://www.businessinsider.com/steve-cohen-mets-owner-net-worth-hedge-fund-point72 ]


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