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  • Steve Cohen (businessman)

    American billionaire hedge-fund manager, sports team owner (born 1956)

    For other persons with a similar name, see Steve Cohen (disambiguation).

    "Steven A. Cohen" redirects here.

    For the American academic, see Steven A. Cohen (academic).

    Steven A. Cohen (born June 11, 1956) is an American hedge-fund manager and owner of the New York Mets of Major League Baseball (MLB) since September 14, 2020, owning just over 97% of the team.[3] He is the founder of hedge fund Point72 Asset Management and S.A.C.

    Capital Advisors.[4]

    In 2013 S.A.C. Capital Advisors pleaded guilty to insider trading and agreed to pay $1.8 billion in fines ($900 million in forfeiture and $900 million in fines) in one of the biggest criminal cases against a hedge fund.

    Cohen was prohibited from managing outside money for two years as part of the settlement reached in the civil case over his accountability for the scandal. The hedge fund agreed to plea