Who Is Steve Cohen?
Steve Cohen is an American hedge fund manager and founder of Point72 Asset Management. He built his reputation as a trader and founded SAC Capital, one of the most prominent hedge funds in the industry. His career is widely covered in financial media and regulatory filings.
SAC Capital and the Insider Trading Settlement
SAC Capital faced a major insider trading investigation that led to a historic settlement. In 2013, SAC pleaded guilty to securities fraud charges and agreed to pay over $1.8 billion in penalties and forfeiture, as reported by the U.S. Department of Justice. The case reshaped compliance practices across the hedge fund industry.
Point72 Asset Management and Current Role
After the SAC settlement, Steve Cohen launched Point72 Asset Management as a family office and hedge fund. Point72 manages a diversified portfolio and operates under stricter compliance controls. Cohen continues to manage capital and invest in public markets through this firm.
