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Business & Money • Hedge Fund Manager

Steve Cohen

Steven A.

By Ethan Anderson| Reviewed by Olivia Bennett, Standards & Fact-Checking Lead| Updated July 27, 2026|2 min read| Fact-checked

Steven A. Cohen is an American hedge fund manager, investor, and baseball team owner. He founded S.A.C. Capital Advisors and later Point72 Asset Management, and he has owned the New York Mets since 2020. He is also known for his philanthropy and art collection.

Early life and education

Steve Cohen was born on June 11, 1956. He studied economics at the Wharton School of the University of Pennsylvania.

Hedge fund career

Cohen founded S.A.C. Capital Advisors in 1992 and later built Point72 Asset Management as the successor to his investment operations. He is described by Point72 as its chairman, chief executive officer, and co-chief investment officer.

S.A.C. Capital controversy

In 2013, S.A.C. Capital Advisors pleaded guilty to wire and securities fraud related to insider trading and paid $1.8 billion in penalties. Cohen himself was not personally charged in the provided sources.

New York Mets ownership

Cohen bought the New York Mets in 2020 for $2.4 billion. He has served as chairman and CEO of the team since the acquisition.

Philanthropy and collecting

Cohen is also known for philanthropy and art collecting. Sources describe him as an active supporter of nonprofit organizations and a collector of modern art.

Key facts

  • Cohen founded S.A.C. Capital Advisors in 1992 and later converted his investment operations into Point72 Asset Management.
  • S.A.C. Capital Advisors pleaded guilty in 2013 to wire and securities fraud tied to insider trading and paid $1.8 billion in fines.
  • He acquired the New York Mets from Fred Wilpon in 2020 for $2.4 billion.
  • Point72 Asset Management is based in Stamford, Connecticut, and Cohen serves as its chairman and CEO.
  • Cohen is also widely identified as an art collector and philanthropist.

Frequently asked questions

Who is Steve Cohen?
Steve Cohen is an American hedge fund manager, investor, and owner of the New York Mets.
What companies did Steve Cohen found?
He founded S.A.C. Capital Advisors in 1992 and later Point72 Asset Management.
When did Steve Cohen buy the Mets?
He bought the New York Mets in 2020 for $2.4 billion.
Where is Point72 based?
Point72 is based in Stamford, Connecticut.
What is Steve Cohen known for besides finance?
He is also known for owning the Mets, collecting art, and supporting philanthropy.

References

  1. Wikipedia — https://en.wikipedia.org/wiki/Steve_Cohen_(businessman)
    Supports: Birth date, occupation, founding of S.A.C. Capital Advisors and Point72, Mets purchase, and 2013 guilty plea summary.
  2. Point72 — https://point72.com/leader/steven-a-cohen/
    Supports: Current title at Point72, founding of S.A.C. Capital Advisors, conversion to Point72, Wharton education, and Mets ownership.
  3. Reuters — https://www.reuters.com/business/finance/steve-cohen-stops-trading-hedge-fund-point72-bloomberg-news-reports-2024-09-17/
    Supports: Cohen as founder of Point72 and owner of the New York Mets.
  4. Bloomberg — https://www.bloomberg.com/billionaires/profiles/steven-a-cohen/
    Supports: Point72 assets, ownership of the Mets, and background as a hedge fund manager.
  5. Fortune — https://fortune.com/2024/12/11/steve-cohen-point72-mets-billionaire-success/
    Supports: Current role at Point72 and Mets ownership.