Summary List Placement
Steve Cohen’s decades-long career in finance has made him billions of dollars across two different hedge funds and led to the creation of more than 80 other firms.
Dozens of people who have worked for the famed stock picker — who was forced to close his first fund after a yearslong battle with the Justice Department — have gone on to found their own funds.
Notable names to come from now-closed SAC Capital and Cohen’s current fund, the $20 billion Point72, include the founder of the $8 billion fund Melvin Capital, Gabe Plotkin, and the founder of $1.8 billion Honeycomb Asset Management, David Fiszel, as well as shuttered funds like Tourbillon Capital, from the HumanCo founder Jason Karp, and Hutchin Hill, from the Millennium portfolio manager Neil Chriss.
Recent launches include Charlie Antrim’s Walnut Level Capital, Ladd Fritz’s Polarity Investment Partners, and Jonathan Lin’s L2 Capital, while Cohen’s former right-hand man Tom Conheeney is still in the process of getting his EmeraldRidge Advisors up and running.
Former employees of the New York Mets owner have started funds around the world, with alumni putting down roots in places like Sidney, Hong Kong, London, and various cities across the US. (Story continues below graphic. A searchable table of the names is at the bottom of the article.)
Cohen’s first fund, SAC, was forced to close at the end of 2013, though the liquidation of tough-to-sell assets pushed the closure date off for a few years. As a result of the DOJ’s investigation, one of his traders ended up going to prison for insider trading, and the firm had to pay a $1.8 billion fine.
Many employees continued to work for Cohen at his family office, Point72 Asset Management, named after its Stamford, Connecticut, office location, managing his multibillion-dollar fortune as well as …read more
Source:: Business Insider