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International Business Times UK
International Business Times UK
Niloy Chakrabarti

Steve Cohen's Point72 Ups Stake in Boeing by Over 400% in Q1, Opens New Position in Broadcom

(Photo: Point72)

New York Mets owner and billionaire investor Steven A. Cohen moves with speed and agility when it comes to investing. Cohen's high-risk, high-reward investing approach has earned him a personal wealth of $19.8 billion.

He is the founder of the now-defunct and one of the most successful hedge funds, SAC Capital Advisors, which was charged with insider trading charges and had to repay investors $1.8 billion in penalties. Cohen faced a two-year ban on managing investors' money.

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