Hedge Fund Titan Steve Cohen Is No Longer Trading Stocks. Here's Why It's An Important Milestone For The $4 Trillion Industry.

bsaacks@businessinsider.com (Bradley Saacks), Business Insider
Wed, 09/18/2024 - 9:21am

New York Mets owner Steve Cohen is one of the most famous stockpickers of all time. Jim McIsaac/Getty ImagesSteve Cohen, the billionaire founder of Point72 and owner of MLB's New York Mets, is no longer trading for his fund.He is focused on developing talent at his firm, which has grown to manage more than $35 billion.He has spoken over the years about being a less prominent part of the firm's overall returns.SAC Capital officially closed in 2013.

Topics: billions billions onofrio in jim mcisaac/getty imagessteve mlb's new york mets sac capital bloomberg new york mets lps ken griffin izzy englander citadel millennium dmitry balyasny launchpoint pm."there tiger cubs viking global coatue the wall street journal damian lewis vincent d'onofrio dumb money gamestop guy fieri connecticut fieri food network york mets steve cohen point72 mlb it sac sac business insider axelrod milestone trillion industry hedge fund longer trading firm funds owner managers founder talent loosely billionaire investment famous developing grown statement part change launches years spoken based focus people managing book programs manager multi-strategy computer bobby investors portfolio

Place your ad here
Loading...

BING NEWS:

Point72's Steve Cohen said to no longer invest clients' capital
Dave Kotinsky Steve Cohen, the billionaire investor who founded hedge fund Point72 Asset Management, will longer invest clients' capital, and instead ...
09/17/2024 - 9:31 am | View Link
The Future Fund’s big hedge fund bets are paying off
some of the most successful strategies make money by trading stocks that go in and out of various indices or buying into capital raisings before index tracking funds do so. The Future Fund has ...
09/8/2024 - 6:26 am | View Link
5 of the Top Hedge Funds in 2024
The hedge fund industry began to prosper ... rates start at $0 for U.S. listed stocks & ETFs*. Margin loan rates from 5.83% to 6.83%. Commission-free trading on stocks & ETFs.
08/22/2024 - 8:32 am | View Link
Most Bought by Hedge Funds
Follow this list to discover and track the stocks that were bought the most by hedge funds in the last quarter.
08/12/2020 - 6:54 pm | View Link
More

More Movie News

More Business News

Coping with grief? Wind phones could help
Fast Company, Saturday - 09/21/2024 - 08:30 AM
People use wind phones to ‘call’ and have one-way conversations with deceased loved ones. My mother died in my home in hospice in 2020, on the day my state of Washington went into COVID-19 lockdown. Her body was taken away, but none of the usual touchstones for grief were available to our family.
More | Talk | Read It Later | Share
How immigrants boost ‘trade in value added’ for the global economy
Fast Company, Saturday - 09/21/2024 - 08:00 AM
Immigrants are pivotal bridges in global trade networks. In nearly every country that hosts foreign-born citizens, immigration emerges as a lightning rod for controversy. The economic realities of immigration, however, are far more complex than the negative sound bites suggest.
More | Talk | Read It Later | Share
I'm American and traveled to Europe for a month. I love how I can take my kids out for dinner late and no one bats an eye.
Business Insider, Saturday - 09/21/2024 - 04:31 AM
The author says that having doing activities with her kids in Europe is cheaper than in the US. CocoSan/Getty ImagesI have citizenship in the US and also Poland and Portugal. My kids have traveled to Europe many times and we recently spent a month living there. Kids are out later with their families and many attractions are free.
More | Talk | Read It Later | Share
This free calculator app will multiple your productivity exponentially
Fast Company, Saturday - 09/21/2024 - 04:00 AM
This isn’t just another calculator app—it’s a handy notepad that knows how to do math. Look, I get it: When you think of “exciting new life upgrades,” a calculator app might not be the first thing that comes to mind.
More | Talk | Read It Later | Share
Mark Cuban says that despite their differences, he understands Elon Musk's sense of humor
Business Insider, Saturday - 09/21/2024 - 12:07 AM
Some of Elon Musk's online antics were defended by Mark Cuban, who often spars with the Tesla CEO over politics on social media. Steve Granitz/FilmMagic via Getty Images; Megan Briggs via Getty ImagesMark Cuban said Elon Musk's joke about Taylor Swift's Kamala Harris endorsement was "kind of insane."But Cuban said he'll "defend him a little bit" on that count — because he does get Musk's humor."I have no problem throwing Elon under the bus, but I'll save it for when it's truly deserved," he said.
More | Talk | Read It Later | Share
How to watch Argentina vs. South Africa in the 2024 Rugby Championship online for free
Mashable, Saturday - 09/21/2024 - 12:00 AM
TL;DR: Live stream Argentina vs. South Africa in the 2024 Rugby Championship for free on NZR+. Access this free streaming platform from anywhere in the world with ExpressVPN. The Rugby Championship has produced some amazing matches, as usual. Argentina have once again proved that they can beat anyone, but South Africa will be their biggest test.
More | Talk | Read It Later | Share

Hedge Fund Titan Steve Cohen Is No Longer Trading Stocks. Here's Why It's An Important Milestone For The $4 Trillion Industry.

Welcome to Wopular

MoviesWithButter : Our Sister Site

More Business News