但Cohen将继续与Harry Schwefel共同担任Point72的联席首席投资官，Point72对此表示：“让Steve担当我们投资专业人员的导师是非常有价值的，他在这个行业已经工作了40年，见识深远。”Point72 has performed strongly this year. As of July of this year, its assets under management have exceeded $35 billion. By the end of August, the ROI of Point72 has reached 10%.
Billionaire and founder of the USA hedge fund Point72, Steve Cohen, has announced his retirement from frontline trading and will instead focus on operating the company he founded ten years ago.
Point72 announced on Tuesday that Cohen has decided to 'suspend trading in his own account and believes he can have a greater impact by focusing on operating the company, driving strategic plans, and guiding and nurturing the next generation of talent.'
However, Cohen will continue to serve as joint chief investment officer of Point72 alongside Harry Schwefel. Point72 stated, 'Having Steve serve as a mentor to our investment professionals is very valuable; he has worked in this industry for 40 years and has far-reaching insights.'
According to informed sources, although Cohen will step back from trading, if he changes his mind, he may still return to manage an investment portfolio in the future.
Since its establishment, Point72 has risen to the ranks of top multi-strategy hedge funds, alongside Millennium founded by Izzy Englander and Citadel by Ken Griffin, leading Cohen to be praised as the 'Michael Jordan' of the hedge fund industry.
Unlike traditional hedge funds, Point72 operates a wide variety of strategies, with 185 teams and hundreds of investment professionals worldwide, focusing on stocks, macro, and algo trading strategies.
Point72 has shown strong performance this year. As of July, its assets under management have exceeded $35 billion. By the end of August, Point72's ROI had reached 10%. According to informed sources, its AUM has almost doubled since reaching $20 billion in 2021.
It is worth noting that, according to sources familiar with the matter, Point72 has also explored for the first time a plan to voluntarily return profits to investors, which is expected to be implemented after the end of the year, but the plan may still change. The company has had preliminary discussions with investors about this possibility, which helps in planning how to redeploy capital.
Large hedge funds typically consider voluntarily returning capital to investors to prevent their funds from expanding too quickly, which could have a negative impact on performance.
In addition to Wall Street, Cohen is also a frequent visitor to the New York sports scene. In 2020, he acquired the Mets and recently sought approval to build a casino worth billions of dollars next to the team's Citi Field baseball stadium.
