Steven A. Cohen, born June 11, 1956, is an American hedge fund manager and owner of the New York Mets of Major League Baseball.
Cohen and the New York Mets finalized a deal on September 14, 2020, to become the majority owner, owning roughly 97.2% of the team.
He is the founder of hedge fund Point72 Asset Management and now-closed S.A.C. Capital Advisors, both based in Stamford, Connecticut.
In 2013, the Cohen-founded S.A.C. Capital Advisors pleaded guilty to insider trading and agreed to pay $1.8 billion in fines ($900 million in forfeiture and $900 million in fines) in one of the biggest criminal cases against a hedge fund.
Cohen was prohibited from managing outside money for two years as part of the settlement reached in the civil case over his accountability for the scandal.
The hedge fund agreed to plead guilty to wire fraud and four counts of securities fraud and to close to outside investors.
He took a liking to poker as a high school student, often betting his own money in tournaments, and credits the game with teaching him “how to take risks.”
Cohen graduated from John L. Miller Great Neck North High School in 1974, where he played on the school’s soccer team.
Cohen received an economics degree from the Wharton School at the University of Pennsylvania in 1978.
While in school, Cohen was initiated as a brother of Zeta Beta Tau fraternity’s Theta chapter where he served as treasurer.
While in school, a friend helped him open a brokerage account with $1,000 of his tuition money.
Steven Cohen Siblings: Meet All 7 Siblings of Steven Cohen
Cohen grew up in Great Neck, New York, where his father was a dress manufacturer in Manhattan’s garment district, and his mother was a piano teacher.
He is the third of seven brothers and sisters; Gary Cohen, Cindy Cohen, Stacey Cohen, Wendy Cohen, Donald Cohen, Marty Cohen, Russell Cohen
The siblings of Steven Cohen have kept their lives private and don’t want to be seen by the media.
Due to that, there are no details about them except for the fact that we only know their names.
Source: Steven Cohen Siblings