New York Mets owner and billionaire investor Steven Cohen has made a significant move into Lionsgate Studios, acquiring over 10 million shares worth more than $64 million (£48.7 million) just days before the company's fiscal Q2 earnings announcement on 6th November.
Cohen, renowned for his high-risk, high-reward investing approach, founded SAC Capital Advisors—once among the most successful hedge funds—before establishing Point72 Asset Management. With a net worth estimated at $23 billion (£17.5 billion), Cohen's hedge fund has delivered impressive gains over recent years, outperforming the broader market.
