Steve Cohen — SPARQNOW

At-a-Glance

Current Owner, New York Mets of Major League Baseball (since September 14, 2020), owning just over 97% of the team
Founder of hedge fund Point72 Asset Management
Founded S.A.C. Capital Advisors in 1992 with $10 million of his own money and $10 million from outside capital
S.A.C. Capital Advisors pleaded guilty to insider trading in 2013 and paid $1.8 billion in fines
Received an economics degree from the Wharton School at the University of Pennsylvania in 1978
Worked as a junior trader in the options arbitrage department at Gruntal & Co. from 1978 to 1992

Biography

Steven A. Cohen is an American hedge-fund manager and the founder of Point72 Asset Management and S.A.C. Capital Advisors. Since September 14, 2020, he has been the owner of the New York Mets of Major League Baseball (MLB), holding just over 97% of the team.

Cohen began his investment career in 1978 as a junior trader in the options arbitrage department at Gruntal & Co. after graduating from the Wharton School at the University of Pennsylvania.