Steven A. Cohen

Date of Birth: June 11, 1956

Zodiac Sign: Gemini

Biography

Steven A. Cohen is a renowned American hedge fund manager and philanthropist, best known as the founder of the hedge fund Point72 Asset Management and the now-defunct SAC Capital Advisors. Born and raised in a Jewish family in Great Neck, New York, Cohen displayed an early aptitude for finance and investing. He graduated from the Wharton School of the University of Pennsylvania with a degree in economics in 1978. Cohen began his career as a junior trader at Gruntal & Co., where he quickly made a name for himself with his aggressive trading strategies. In 1992, Cohen founded SAC Capital Advisors, which became one of the most successful and controversial hedge funds in history. The firm was known for its high returns and equally high risks, but it was embroiled in an insider trading scandal that led to its closure in 2016. Cohen himself was never criminally charged, but SAC Capital Advisors paid $1.8 billion in fines. After the closure of SAC, Cohen launched Point72 Asset Management, a family office that later transformed into a hedge fund open to outside investors. Beyond his financial endeavors, Cohen is a significant art collector and philanthropist, contributing millions to various causes, particularly in health, education, and veterans’ affairs.

5 Interesting Facts about Steven A. Cohen

1. Steven A. Cohen purchased a 4% stake in the New York Mets in 2012 and later acquired a controlling interest in the team in 2020.

2. He is an avid art collector, owning works by famous artists such as Pablo Picasso, Andy Warhol, and Jeff Koons. His art collection is valued at over $1 billion.

3. Cohen’s Point72 Asset Management manages approximately $22 billion in assets as of 2023.

4. He has donated millions to philanthropic causes, including a $275 million donation to the Cohen Veterans Network, which provides mental health services to veterans and their families.

5. Cohen was portrayed by actor Damian Lewis in the Showtime series “Billions,” which was inspired by his life and career.

5 Most Interesting Quotes from Steven A. Cohen

1. “I always tell people, ‘Be the best you can be in whatever you do.’”

2. “You have to love what you do to want to do it every day.”

3. “The only way to succeed in the market is through discipline and patience.”

4. “A good trader can make money regardless of whether the market is going up or down.”

5. “Risk management is the most important thing we do.”

Highest Net Worth Achieved

Steven A. Cohen’s highest net worth achieved is estimated to be around $17 billion as of 2023.

Children

Steven A. Cohen has seven children. He has four children with his first wife, Patricia Finke, and three children with his second wife, Alexandra Garcia.