Billionaire Steve Cohen ceases trading at Point72 to focus on growth and AI hedge fund.
Billionaire Steve Cohen, founder of Point72 Asset Management, has ceased trading on the firm's trading floor to focus on its growth and mentorship of emerging talent. He will remain co-chief investment officer alongside Harry Schwefel. Point72, which manages over $35 billion, is set to launch a new hedge fund focused on artificial intelligence, reflecting Cohen's belief in AI as a significant investment theme, akin to the tech boom of the 1990s.
September 17, 2024
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