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Steve Cohen Is Back: 4 Interesting Facts About The Hedge-Fund Billionaire
Wednesday, May 31, 2017 - 12:30pm | 650Read More...Hedge-fund billionaire Steve Cohen is returning to his trading roots after being involved in one of the biggest insider trading scandals. Cohen, formerly with SAC Capital Advisors, hopes to raise over $20 billion in assets and is planning to launch a new fund in 2018, according to a Wall Street...
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Steve Cohen's Latest Investment Might Produce the Next Steve Cohen
Wednesday, November 30, 2016 - 3:09pm | 602Read More...Point72 Ventures, the VC arm of Steve Cohen’s Point72 Asset Management firm, invested $2 million in micro-investing fintech company Acorns as part of the company's Series D round earlier this year. Point72 Ventures’ previous investments have focused on quant trading technologies, so...
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Exclusive: Point72's Fintech Venture Wants To Solve The Biggest Problems In Finance
Monday, August 15, 2016 - 3:27pm | 575Read More...Master investor Steve Cohen’s Point72 Asset Management has been looking at fintech lately with the formation of Point72 Ventures. It has acquired key talent to run the division, like Pete Casella, formerly of JPMorgan, and Alex Tarhini, from Barclays Techstars, and has made investments in...
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Hedge Funds Suffer From A 'Sameness' That's Hurting Performance
Wednesday, July 13, 2016 - 1:54pm | 266Read More...Citing Doug Haynes, the president of Steve Cohen's investment firm, Point72 Asset Management, Business Insider reported the hedge fund industry has a well-documented performance problem, which is directly connected to a lack of diversity in the industry. Hedge funds are suffering from groupthink,...
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Steve Cohen On Hedge Funds: I'm Blown Away By The Lack Of Available Talent
Tuesday, May 3, 2016 - 8:54am | 262Read More...Steven Cohen, the billionaire investor and hedge fund manager, has somewhat discouraging words for finance professionals looking to find a high paying job at a hedge fund. Cohen, speaking at the Milken Institute Global Conference on Monday said that he is "blown away by the lack of talent" of...
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Pernix Therapeutics Soars 75% Following Report of 5.8% Stake by Point 72
Monday, May 2, 2016 - 9:14am | 109Read More...Shares of Pernix Therapeutics Holdings Inc (NASDAQ: PTX), a nano-cap specialty pharmaceutical company that focuses on products that addresses unmet medical needs, soared higher by more than 75 percent early Monday morning. Investors and traders were reacting to Point72 Asset Management's...
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Shares Of Chimerix Higher By Nearly 6% After Point72 Stake Reveal
Thursday, December 31, 2015 - 9:24am | 120Read More...Shares of Chimerix Inc (NASDAQ: CMRX), a biopharmaceutical company that develops and commercializes oral antivirals, surged higher by nearly 6 percent early Thursday morning after Point72 Asset Management disclosed a 5.3 percent stake in the company. Shares of Chimerix plunged more than 80 percent...
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D.E. Shaw, Griffin's Citadel, Cohen's Point72 & OZ Management Lead This Week's Hedge Fund Moves
Saturday, July 25, 2015 - 1:38pm | 428Read More...Tracking hedge fund activity is central in many investment strategies. This article will take a look at some of the most relevant moves from this week in order to provide readers with some interesting ideas. On Monday, D.E. Shaw & Co. declared a 30 percent increase in its wage on Liberty...
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Shutterfly Surges Following News That Point72 Increased Its Stake
Tuesday, January 6, 2015 - 6:07pm | 74Read More...Shares of Shutterfly, Inc. (NASDAQ: SFLY) surged 4 percent in after-hours trading following news that Point72 Asset Management L.P. had increased its stake in the company. Point72’s 13G filing with the SEC showed that its stake in the company grew from 5.24 percent to 6 percent as of...
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Wall Street Gears Up For 13F Filings
Thursday, May 15, 2014 - 1:47pm | 412Read More...Traders on Wall Street will be whale watching on Thursday, as 13F filings from the likes of high-profile players such as Warren Buffett, Bill Ackman and David Tepper will be hitting the newswires. A 13F is an SEC-required document that all institutional investment managers with over $100...
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Time To Follow SAC Into Gogo?
Thursday, March 13, 2014 - 3:31pm | 314Read More...Even with an airline Wi-Fi monopoly lawsuit overhanging Gogo (NASDAQ: GOGO), now may be time to follow SAC Capital (now Point72 Asset Management) into a long position. Shares of Gogo are down nearly seven percent to $22.07 in Thursday's session, after jumping seven percent to $26.37 in pre-market...
