After settling with a Federal investigation in 2013, Wall Street trader Steven Cohen restarted his hedge fund operations under a new name, Point72 Asset Management, and with a strict series of internal reforms to toe the line with regulators. Cohen remained in the top spot, and brought in new management to help him steer the company.
His success has been impressive. The self-made man from Great Neck, New York has built Point72 into a giant of the hedge fund industry, with over $75 billion in total assets under management. That figure includes more than $19 billion worth of stock holdings, reported quarterly on the 13F forms, which draw the attention of investors everywhere.
What’s drawn our attention are three holdings that Cohen boosted into the $85 to