New York Mets owner and billionaire investor Steven A. Cohen is known for his speed, agility, and high-risk/high-reward investing approach. Cohen founded the now-defunct SAC Capital Advisors, which is among the most successful hedge funds. The fund was charged with insider trading charges and repaid investors £1.3 billion ($1.8 billion) in penalties as Cohen faced a two-year ban on managing investor money.
In 2013, Cohen converted his investment operations into a family office and formally adopted the Point72 Asset Management name the following year. In 2018, the firm became a registered investment advisor and began accepting outside capital.
