Cohen born June 11, is an American investor, hedge fund manager , and philanthropist.

He is the founder of Point72 Asset Management and S. Capital Advisors both based in Stamford, Connecticut. In July , the U. Securities and Exchange Commission charged Cohen with insider trading charges ; more specifically, he was not charged with insider trading himself but rather with failing to prevent insider trading at his firm, S.

Cohen grew up in a Jewish family [13] [14] in Great Neck, New York , where his father was a dress manufacturer in Manhattan's garment district , and his mother was a part-time piano teacher. From oldest to youngest: Marty Cohen, Gary Cohen, Steven Cohen, Cindy Cohen, Donald Cohen, Stacey Cohen, Wendy Cohen, and Russell Cohen.

He took a liking to poker as a high school student, often betting his own money in tournaments. Cohen credits the game with teaching him "how to take risks. He was a brother of Zeta Beta Tau fraternity, Theta Chapter. In , Cohen started S. On November 20, , Cohen was implicated in an alleged insider trading scandal involving an ex-SAC manager, Mathew Martoma. Martoma was convicted in , in what federal prosecutors billed as the most profitable insider-trading conspiracy in history.

Cohen was not directly named in the indictment, but was referred to as "Portfolio Manager A" "according to people familiar with the matter". Steinberg was a senior employee and confidant of Cohen's. Cohen's civil case was settled in January ; the agreement prohibits Cohen from managing outside money until Cohen himself "escaped criminal indictment himself despite being the living, breathing heart of SAC Capital," [25] but Dr.

Sidney Gilman, the star prosecution witness against Martoma, testified that FBI agents told him Cohen was the investigation's ultimate target.

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They had two children together. They divorced in They have four children together.

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Cohen serves on the Board of Trustees of Brown University and the New York-based Robin Hood Foundation. In , the publicity-shy [15] [16] trader granted one of his first on-the record interviews to Daniel Strachman for his book Getting Started In Hedge Funds.

In December , Cohen and his brother Donald T. Cohen were sued by Steven's ex-wife Patricia Cohen for racketeering and insider trading charges.

On April 3, , the 2nd U. Circuit Court of Appeals in New York said a lower court had erred in dismissing fraud-based claims by his former spouse and revived the lawsuit. Time Magazine ranked him 94th in on its annual Time list of most influential people. Cohen and his wife Alexandra have donated over a quarter of a billion dollars over the last decade [ when?

The first two opened in Texas in the following months; centers in Los Angeles and Philadelphia were scheduled to open by the end of , and a total of 25 are planned by Cohen began collecting art in , and has since become a prominent collector, appearing on Art News magazine's "Top 10" list of biggest-spending art collectors around the world each year since , [62] and Forbes magazine's "Top Billionaire Art Collectors" list in In the s, Cohen's SAC Capital owned between 4.

Cohen is reportedly building a private museum for some of his artwork on his Greenwich property. He owns or has owned artworks by Lucio Fontana , Alberto Giacometti , Willem de Kooning , Jeff Koons , Edvard Munch , Pablo Picasso , and Andy Warhol.

Cohen's tastes in collecting changed quickly from Impressionist painters to contemporary art. He has purchased some unusual art works. Since the original shark was over 10 years old, it had begun to rot.

Market Wizard Steve Cohen - Don't Talk About Your Stocks

Just days before the painting was to be transported to Cohen, Wynn, who suffers from poor vision due to retinitis pigmentosa , accidentally thrust his elbow through the painting while showing it to a group of acquaintances inside of his office at Wynn Las Vegas. In , he was inducted into Institutional Investors Alpha 's Hedge Fund Manager Hall of Fame along with David Swensen , Louis Bacon , Seth Klarman , Kenneth Griffin , Paul Tudor Jones , George Soros , Michael Steinhardt , Jack Nash , James Simons , Alfred Jones , Leon Levy , Julian Roberston , and Bruce Kovner.

From Wikipedia, the free encyclopedia.

For other persons with a similar name, see Stephen Cohen. Accessed May 23, Retrieved February 20, Archived from the original on May 11, Retrieved August 12, The New York Times. Retrieved November 26, Cohen for failing to prevent insider trading by employees".

Retrieved July 19, Retrieved November 6, Archived from the original on September 21, Retrieved September 11, Retrieved December 7, Archived from the original on May 19, A Brooklyn rabbi thought he could swindle hedge-fund king Steven Cohen by playing on his Judaism. It was a bad bet. The Wall Street Journal. Retrieved November 16, Retrieved July 25, Retrieved November 20, Retrieved May 23, Cohen - The New Yorker". Retrieved April 10, Retrieved November 9, Archived from the original on June 9, Retrieved January 4, The Robin Hood Foundation.

Retrieved October 14, Daily News New York. Cohen - Wall Street Donors Individuals Foundations - Inside Philanthropy". Retrieved April 13, Retrieved June 16, San Antonio Express News. Retrieved January 8, Retrieved May 24, The Making of an Art-World Star". Interpreting Contemporary Art Archived November 26, , at the Wayback Machine.

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Greenwich, Connecticut , U. Investor, hedge fund manager , and philanthropist. Founding and leading Point72 Asset Management.