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International Business Times UK
International Business Times UK
Niloy Chakrabarti

Cohen's Point72 Pours $14M in This Biotech Stock That Gained 250% in a Month, and Recently Raised $138M in Funding

Cohen has a net worth of over $23 billion. (Photo: Point72)

New York Mets owner and billionaire investor Steven Cohen is known for his agility and high-risk/reward investing approach. He founded the now-defunct SAC Capital Advisors, which was among the most successful hedge funds.

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 started accepting outside capital. Cohen, who has a net worth of $23 billion (£17 billion), steered his firm to massive profits in the past three years, markedly outperforming the S&P 500 index.

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