Last Updated: 28 Mar, 2024 | Views: 484
Age: 68
Profession: Business Men
Other Profession(s): Hedge Fund Manager
Famous For: Record insider trading fine of $1.8 billion
Higher Education: University of Pennsylvania (BA)
Net Worth: $17.5 Billion
About (Profile/Biography):
Steven Cohen was born on 11th June, 1956, in Great Neck, New York, USA. Steven Cohen grew up in a predictable family on Long Island, and from a young age, he showed a keen interest in the stock market and investing. Steven Cohen is widely recognized for his success in the financial industry and his leadership of the hedge fund, Point72 Asset Management.
Steve Cohen Career:
Steve Cohen Founding SAC Capital Advisors:
• In 1992, Steve Cohen founded SAC Capital Advisors, a hedge fund management firm initially focused on equity trading.
• The company grew rapidly under his leadership and became one of the most successful and well-known hedge funds on Wall Street.
Steve Cohen Trading Success and High Returns:
• Steve Cohen gained a reputation for his exceptional trading skills and ability to deliver high returns for investors.
• SAC Capital achieved remarkable success over the years, consistently outperforming the market and attracting significant assets under management.
Steve Cohen Expansion into Diverse Asset Classes:
• Under Steve Cohen's guidance, SAC Capital expanded into various asset classes, including stocks, bonds, and derivatives.
• The firm's diversification allowed it to adapt to changing market conditions and seize opportunities across different financial markets.
Steve Cohen Legal Issues and Transformation into Point72:
• SAC Capital faced legal challenges related to insider trading allegations, leading to a transformation of the firm.
• In 2014, SAC Capital agreed to plead guilty to insider trading charges and paid significant fines. It was then rebranded as Point72 Asset Management, focusing on managing Steve Cohen's personal wealth and becoming a family office.
Steve Cohen Philanthropy and Impactful Donations:
• Steve Cohen is known for his philanthropic endeavors and generous donations to various causes.
• Steve Cohen has supported education, healthcare, and cultural institutions, including substantial contributions to the Robin Hood Foundation and his alma mater, the University of Pennsylvania.
Steve Cohen Awards:
• 2008: Institutional Investor's Hedge Fund Manager of the Year
• 2014: The Hedge Fund Industry's Outstanding Contribution Award
Steve Cohen Unknown Facts:
• Art Collector: Steve Cohen is an avid art collector with an extensive collection of valuable artworks, including pieces by renowned artists like Picasso and van Gogh.
• Passion for Sports: Steve Cohen has a passion for sports and has been involved in various sports-related investments.
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