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Benzinga
Benzinga
Business
Surbhi Jain

Steven Cohen Doubles The S&P 500 — And His Next Bet's All Gut

Cohen Palisade Bio Point72 Point72 Asset Management SP
Wall Street ai6

Steven Cohen's Point72 Asset Management just pulled off what most fund managers only dream of — doubling the S&P 500's three-year return — and he's still not easing up. The billionaire investor's next move? A fresh swing into biotech, backing Palisade Bio Inc (NASDAQ:PALI) — a tiny, high-volatility stock working on gut-health therapies that's suddenly caught Wall Street's attention.

  • Track PALI stock here.
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