When people search for steve cohen, they are usually looking for information about Steven A. Cohen, the billionaire hedge fund manager, founder of Point72 Asset Management, and owner of the New York Mets. His career spans Wall Street trading, alternative investments, professional baseball, philanthropy, and one of the most closely watched transitions in modern hedge-fund history.
Cohen was born on June 11, 1956, in Great Neck, New York, and studied at the University of Pennsylvania’s Wharton School. He began his Wall Street career at Gruntal & Co. before establishing S.A.C. Capital Advisors in 1992. Decades later, his name became equally recognizable in sports after he completed the purchase of the Mets in 2020.
It is also worth noting that the name can refer to another public figure, Congressman Steve Cohen of Tennessee. This article focuses on the investor and Mets owner, Steven A. Cohen.
Who Is Steve Cohen?
Steven A. Cohen is an American hedge fund manager whose business career has largely centered on active investing. He founded S.A.C. Capital Advisors in 1992 after working as a trader at Gruntal & Co. Point72’s own corporate history says he launched SAC Capital with about $20 million in assets under management. The firm subsequently became known for an intense, research-driven trading culture and its focus on finding investment opportunities across public markets.
Cohen later established Point72 Asset Management, which became the successor to his earlier investment operation. Point72 expanded beyond its original investment structure into multiple strategies and businesses, including quantitative investing, macro strategies, venture capital, and private credit. In 2026, Point72 said it had surpassed $50 billion in assets under management.
Outside finance, Cohen is best known to sports fans as the owner, chairman, and CEO of the New York Mets. The Mets’ current front-office directory lists him in those three ownership roles.
Steve Cohen’s Early Career on Wall Street
Cohen’s professional path began at brokerage firm Gruntal & Co., where he worked as a stock trader. His early career helped establish the fast-paced trading approach that later became associated with SAC Capital. Point72’s official history records the 1992 launch of SAC Capital with approximately $20 million in assets under management.
During the following years, SAC expanded significantly. The investment firm developed a reputation for employing large teams of traders and analysts and for making decisions around corporate events and market-moving information. The SEC later recorded that SAC had approximately $16.5 billion in net assets at its peak in 2007.
Cohen’s career therefore became notable not simply because of his personal wealth, but because of the scale and influence of the investment organization he built.
What Happened to SAC Capital?
One of the most important parts of Cohen’s biography is the legal controversy surrounding SAC Capital.
In 2013, several SAC-related companies pleaded guilty to federal insider-trading charges. The U.S. Department of Justice said the companies agreed to pay a total financial penalty of $1.8 billion and terminate their outside investment-advisory business. The case involved allegations that employees obtained and traded on material non-public information involving more than 20 publicly traded companies.
The distinction between the companies and Cohen personally is important. The Justice Department’s 2013 announcement concerned guilty pleas by SAC management companies and explicitly noted that those pleas did not include admissions pertaining to individual defendants.
The Securities and Exchange Commission separately charged Cohen in 2013 with failing to reasonably supervise portfolio managers and prevent insider trading. In a later 2016 settlement, Cohen neither admitted nor denied the SEC’s findings and accepted restrictions on serving in certain supervisory investment-industry roles until 2018.
After SAC’s outside-investment business ended, Cohen’s next major chapter began with Point72.
Point72 Asset Management
Point72 grew out of Cohen’s post-SAC investment operation. The firm formally adopted the Point72 Asset Management name in 2014. According to Point72, the company initially operated as a family office before eventually returning to outside capital management in 2018.
Over time, Point72 developed into a diversified alternative-investment platform. Its current business structure includes fundamental equities, macro investing, systematic strategies, venture capital, and private credit. The firm also describes itself as having a global footprint and offices across multiple regions.
A major leadership change arrived in 2026. Reuters reported in April that Cohen was giving up the president title at Point72 while remaining chairman, CEO, and co-chief investment officer. Harry Schwefel was named president, while a new executive committee was created to support the firm’s growing management structure. Cohen continued to chair the committee and sign off on its major decisions.
Point72 subsequently announced the executive committee in May 2026, confirming that Cohen would continue as chairman, CEO, and co-CIO while overseeing the firm’s day-to-day operations, investment strategies, and growth initiatives.
Steve Cohen and the New York Mets
For many people searching for Steve Cohen today, the New York Mets are just as important as Point72.
Cohen had been a Mets investor before becoming the franchise’s controlling owner. In September 2020, Major League Baseball reported that he had reached an agreement to purchase the team in a transaction valued at slightly more than $2.4 billion. Sterling Equities retained a 5% ownership stake.
The purchase became official in November 2020. MLB described the deal as a record $2.4 billion purchase at the time, making Cohen the controlling owner of one of Major League Baseball’s best-known franchises.
Cohen’s connection with the Mets goes back well before his purchase. MLB described him as a lifelong Mets fan, and earlier coverage noted that he had previously owned a minority stake in the team.
Under his ownership, the Mets have continued investing heavily in players, baseball operations, technology, and organizational infrastructure. Cohen has also become a highly visible owner, regularly commenting on the club’s direction and appearing at games and team events.
Steve Cohen’s Current Role With the Mets
As of September 2026, the official Mets front-office directory lists Steven A. Cohen as Owner, Chairman and CEO. David Stearns is listed as president of baseball operations.
The 2026 season brought significant changes to the organization. In June, the Mets announced the departure of manager Carlos Mendoza and appointed Andy Green as interim manager for the remainder of the season. Cohen’s statement at the time said the organization remained committed to building a championship-caliber team.
The club has also continued making front-office adjustments. In September 2026, the Mets announced Derek Falvey as a senior advisor of baseball operations and promoted Kris Gross to assistant general manager of scouting, changes that came as the organization prepared for its next phase.
These developments are part of the broader organizational story surrounding Cohen’s ownership: his role is not limited to writing checks for players, but also includes overseeing the ownership group while baseball executives manage day-to-day baseball operations.
Steve Cohen’s Net Worth
Cohen’s wealth changes with market conditions and the value of his investments, so net-worth figures should always be treated as estimates rather than fixed amounts.
Forbes’ profile showed a real-time net worth estimate of approximately $26.7 billion in September 2026. Forbes also listed him among the world’s wealthiest sports-team owners. Its profile identifies his primary source of wealth as hedge funds and records his ownership of the New York Mets.
His wealth has developed primarily through decades in investment management rather than through his ownership of the Mets. The baseball franchise is a major part of his public profile, but Point72 and his wider investment activities remain central to his business career.
Steve Cohen’s Philanthropy
Cohen’s activities also extend into philanthropy. One of the most visible examples is the Cohen Veterans Network, a nonprofit organization established following a $275 million commitment from Cohen in 2016 to create a network of mental-health clinics serving veterans and their families.
The network continues to operate Cohen Military Family Clinics across the United States, with services for veterans, active-duty service members, National Guard and Reserve members, and military families. The organization says its network is continuing to expand, including additional locations and telehealth services.
His philanthropic interests have also included other causes, and Forbes has reported that Cohen has directed substantial funds toward charitable activities over the years.
Steve Cohen’s Connection to Art and Popular Culture
Cohen is also known as a major contemporary art collector. His collection has attracted attention alongside his business career and public profile.
His influence has also been reflected in popular culture. Forbes notes that Bobby Axelrod, the fictional hedge-fund character from Billions, was based loosely on Cohen. That does not mean the character is a direct biography, but Cohen’s career has frequently been cited as part of the broader Wall Street background behind the show’s fictional world.
What Is Steve Cohen Doing Now?
In 2026, Cohen remains active in both of his most important professional roles.
At Point72, he continues as chairman, CEO, and co-CIO after the firm’s leadership restructuring. The organization reported that it surpassed $50 billion in assets under management in April 2026 and was expanding its investment platform into areas including private credit and artificial intelligence-focused strategies.
With the Mets, he remains the team’s owner, chairman, and CEO. The 2026 season has involved changes in management and the front office, making the organization’s planning for 2027 an important part of the team’s current story.
Frequently Asked Questions About Steve Cohen
Who is Steve Cohen?
Steve Cohen, formally Steven A. Cohen, is an American hedge fund manager, founder of Point72 Asset Management, and owner, chairman, and CEO of the New York Mets.
How old is Steve Cohen?
Cohen was born June 11, 1956. That makes him 70 years old in September 2026.
What company does Steve Cohen own?
Cohen founded Point72 Asset Management and remains its chairman and CEO. In 2026, Point72 said Cohen also serves as co-CIO.
When did Steve Cohen buy the Mets?
Cohen completed his purchase of the New York Mets in November 2020 in a transaction valued at approximately $2.4 billion.
Is Steve Cohen the same person as Congressman Steve Cohen?
No. Congressman Steve Cohen is a different person who represents Tennessee in the U.S. House of Representatives.
Final Thoughts on Steve Cohen
Steve Cohen’s career has developed across several very different worlds. He built SAC Capital into a major investment firm, navigated the legal and regulatory fallout that ended its outside-investment business, and subsequently developed Point72 into a diversified asset-management organization. At the same time, his longtime connection to baseball eventually led him to become the controlling owner of the New York Mets.
Today, his professional identity is closely tied to both finance and sports. Point72 remains a central part of his business life, while the Mets represent his most visible public-facing ownership role. His philanthropy, art interests, and continuing involvement in investment strategy add further dimensions to a career that has remained closely watched for decades.
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