Steven Cohen

Steven Cohen is a prominent American hedge fund manager and the owner of the New York Mets. Born in 1956 in Great Neck, New York, Cohen grew up in a middle-class family. He attended the Wharton School of the University of Pennsylvania, where he earned a degree in economics. During his time in college, he began developing an interest in the stock market, laying the groundwork for his future career in finance.

Cohen's career in finance began in 1978 at Gruntal & Co., where he spent over a decade as a proprietary trader. He quickly established a reputation for his ability to generate significant profits. In 1992, he founded SAC Capital Advisors in Stamford, Connecticut, with approximately $20 million of his own capital. Under his leadership, the firm became one of the most successful hedge funds in the world, renowned for its aggressive and highly profitable trading strategies.

Throughout the 2000s, Cohen's success propelled him to billionaire status, though his firm faced significant regulatory challenges. In 2013, SAC Capital pleaded guilty to insider trading charges, leading to a massive settlement and the rebranding of the firm as Point72 Asset Management. Despite these legal hurdles, Cohen transitioned to managing his family office, which eventually reopened to outside capital as a highly successful hedge fund, demonstrating his enduring influence on global markets.

In addition to his work in finance, Cohen is known for his extensive art collection and his acquisition of the New York Mets in 2020. His reported net worth of $21 billion places him among the wealthiest individuals globally. Today, he maintains a high profile through his sports ownership and his continued management of Point72, remaining a dominant force in both the financial sector and professional sports.