Steve Cohen's Biography

Steve Cohen is a renowned American billionaire hedge fund manager, philanthropist, and the majority owner of the New York Mets baseball team. Born on June 11, 1956, in Great Neck, New York, Cohen developed a keen interest in finance early on, which led him to earn a degree in economics from the prestigious Wharton School at the University of Pennsylvania. He began his career as a junior trader at Gruntal & Co., where he quickly established a reputation for his sharp trading instincts and impressive profits. In 1992, Cohen founded SAC Capital Advisors, which became one of the most successful hedge funds in history, amassing billions in assets under management. Despite facing significant legal challenges, including a high-profile insider trading case that resulted in record fines and a temporary ban from managing outside investors’ funds, Cohen rebounded by launching Point72 Asset Management. Today, his firm is a powerhouse in the investment world. Beyond finance, Cohen is an avid art collector, with a collection worth over $1 billion, and he is deeply involved in philanthropy, supporting medical research, education, and veterans’ causes. In 2020, he made headlines by acquiring the New York Mets, signaling his passion for sports and commitment to the community. Cohen’s business acumen, resilience, and diverse interests have solidified his place among the most influential figures in the world of finance and beyond.