Cohen to Manage Outside Money Under Point72 Asset ManagementBy and
When Steve Cohen takes in outside capital later this quarter, he’ll be doing so under the name Point72 Asset Management.
Point72 was the entity created four years ago that housed Cohen’s family office when he returned client capital, after his former hedge fund firm SAC Capital Advisors pleaded guilty to securities fraud and paid a record $1.8 billion fine to settle a seven-year federal insider-trading probe.
Stamford Harbor Capital, the firm that Cohen created in 2016 and has been working with marketers to explore raising money from clients, merged with Point72 Asset Management, according to a Jan. 5 regulatory filing. The new entity will use the Point72 name, the filing said. The billionaire’s two-year ban on managing outside capital ended on Jan. 1.
Point72 manages $11 billion and employs 1,150 people, according to its website. A spokesman for the firm declined to comment on the filing.