Steve Cohen
About Steve Cohen:
Steve Cohen is an American hedge fund manager and the founder of Point72 Asset Management. He was born on June 11, 1956, in Great Neck, New York, and he attended the Wharton School at the University of Pennsylvania, graduating with a Bachelor of Science in economics in 1978.
Cohen began his career in finance at Gruntal & Co. in 1978, where he worked as a junior trader. He went on to work for several other financial firms before founding his own hedge fund, SAC Capital Advisors, in 1992. SAC became one of the most successful hedge funds in history, generating annual returns of more than 30% at its peak.
However, SAC was also involved in a number of high-profile insider trading scandals, and in 2013, the firm pleaded guilty to securities fraud and agreed to pay a record $1.8 billion in fines. Cohen was not charged with any wrongdoing, but he agreed to a two-year ban from managing outside money as part of a settlement with the SEC.
Following the SAC scandal, Cohen returned to managing his personal wealth through a new firm, Point72 Asset Management, which manages his multi-billion-dollar fortune through a combination of direct investments, venture capital, and other strategies. Despite the controversies surrounding his career, Cohen is widely regarded as one of the most successful and influential hedge fund managers of his generation.
Steve Cohen Net Worth:
As of 2021, Steve Cohen's net worth is estimated to be around $16 billion USD. Cohen has made his fortune primarily through his hedge fund, SAC Capital Advisors, which generated some of the highest returns in the industry before it was shut down in 2013 due to insider trading scandals. Despite this setback, Cohen has continued to invest and manage his wealth through his family office, Point72 Asset Management, which has been successful in generating strong returns in recent years.
Steve Cohen Net Worth in Rupees:
As of 2021, Steve Cohen's net worth is estimated to be around 1,17,600 crore Indian Rupees. However, please note that exchange rates may fluctuate and the value of his net worth in Rupees may change over time.
Steve Cohen Education:
Steve Cohen earned his undergraduate degree in economics from the Wharton School at the University of Pennsylvania in 1978. He initially planned to become a Wall Street trader, but after completing his degree, he began working in the options arbitrage department at Gruntal & Co., a brokerage firm. Cohen learned much of his trading strategies during his time at Gruntal & Co. before founding his own hedge fund, SAC Capital Advisors, in 1992.
Steve Cohen Life Style:
Steve Cohen is known for his extravagant lifestyle, which includes multiple luxurious homes, yachts, and a vast collection of artwork. He is a passionate art collector and is rumored to have one of the most impressive private collections in the world. In addition to his lavish lifestyle, Cohen is also well-known for his philanthropy. He and his wife, Alexandra, have donated millions of dollars to various causes, including education, healthcare, and the arts. Cohen is also an avid sports fan and has invested in several professional sports teams, including the New York Mets baseball team. Despite his wealth and success, Cohen has faced some controversy over the years related to insider trading scandals at his former hedge fund, SAC Capital Advisors.
Steve Cohen Companies:
Steve Cohen is the founder and CEO of Point72 Asset Management, a hedge fund that manages around $22 billion in assets. He started the company in 2014 after his previous hedge fund, SAC Capital Advisors, was shut down due to insider trading scandals. Point72 focuses on long/short equity strategies and invests in a wide range of assets, including stocks, bonds, currencies, and commodities. Cohen is also the owner of the New York Mets, a Major League Baseball team.
Steve Cohen Family Background:
Steve Cohen was born on June 11, 1956, in Great Neck, New York. His father, Martin Cohen, worked as a dress manufacturer, and his mother, Patricia Cohen, was a piano teacher. Cohen grew up in a middle-class Jewish family and attended the University of Pennsylvania, where he earned a degree in economics in 1978. He went on to earn an MBA from the Wharton School at the University of Pennsylvania in 1982. Cohen is married to Alexandra Cohen, and the couple has two children. They are known for their philanthropy and have donated millions of dollars to various causes, including education, healthcare, and the arts.
How Much Money Does Steve Cohen Have:
Steve Cohen's net worth was estimated at $14.6 billion USD, making him one of the richest people in the world. However, it's worth noting that net worth can fluctuate due to various factors such as market conditions and changes in asset values.
Some Social Official Links of Steve Cohen:
Official Website: https://point72.com/
Twitter: https://twitter.com/stevenacohen2?lang=en
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