Reported 2 days ago
Despite the New York Mets losing in the playoffs, owner Steve Cohen had a remarkable year in his hedge fund, Point72 Asset Management, achieving a 19% return in 2024. This performance outpaced competitors and positioned the firm with excess capital, compelling it to return $3 to $5 billion in profits to clients. Cohen's investments in the Mets have also been significant, including a record contract for player Juan Soto. His current focus is on expanding Point72 and investing in artificial intelligence ventures.
Source: YAHOO