Cohen (born June 11, 1956) is an American billionaire hedge fund manager, art-collector, and philanthropist.
He is the founder of hedge fund Point72 Asset Management and now closed S.A.C.
Capital Advisors, both based in Stamford, Connecticut.In 2013, the Cohen-founded S.A.C.
Capital Advisors pleaded guilty to insider trading and agreed to pay $1.8bn in fines (900M in forfeiture and 900M in fines) in one of the biggest criminal cases against a hedge fund.
Cohen was prohibited from managing outside money for 2 years as part of the settlement reached in the civil case over his accountability for the scandal.
The hedge fund agreed to plead guilty to wire fraud and four counts of securities fraud and to close to outside investors.Time Magazine ranked him 94th on its annual Time 100 list of most influential people in 2007.
As of September 2019, he has an estimated net worth of US$13.6 billion.Cohen, a minority owner of Major League Baseball's New York Mets, purchased a majority share of the team in 2019 in a deal that will take five years to complete.