Steve Cohen Steps Away from Trading at Point72, Marking End of an Era

Sep 17, 2024, 08:09 PM

Steve Cohen, the billionaire founder of Point72 Asset Management, has announced that he will stop trading for the hedge fund. Despite stepping away from the trading floor, Cohen will remain as the co-chief investment officer (co-CIO) of the firm. This marks the end of an era and a significant shift in his role at Point72, where he will now focus on the firm's growth and mentoring talent. Point72 currently manages $35.2 billion in assets. Cohen, who is 68 years old, will no longer be investing clients' capital directly.