New York Mets owner and billionaire investor Steven A. Cohen is known for his agility and high-risk/reward investing approach. Cohen founded the now-defunct SAC Capital Advisors, which was among the most successful hedge funds. However, the fund was charged with insider trading charges and repaid investors $1.8 billion (£1.3 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 started accepting outside capital.
