Prominent hedge funds, including Bridgewater Associates and Point72 Asset Management had invested in Twitter in the first quarter, before Elon Musk unveiled his plans to acquire the company. They are now on course to reap big gains. Headed by Steven A…. Read More ›
Steven Cohen’s Point72 Asset Management suffered a loss of nearly 15% this year due to a sudden surge in GameStop Corp’s shares. The losses at Point72, which manages nearly $19 billion in assets, came in part from its investment in… Read More ›
The class-action lawsuit had alleged loss of money to investors due to insider trading by Cohen’s hedge fund. Steven A. Cohen, a billionaire who used to formerly run SAC Capital Advisors LP, a hedge fund has now decided to settle… Read More ›
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