Since Steve Cohen's troubles last year with hedge fund SAC Capital, his new stock trading fund Point72 has staged quite a comeback for Cohen, reports CNBC's Kate Kelly.» Read More
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SAC Capital Advisors officially changed its name to Point72 Asset Management and became a family office managing mainly Steven Cohen's money, reports CNBC's Kate Kelly.
Point72 Asset Management, the former SAC Capital, launched Monday with about $9 billion in funds and a year-to-date return of close to 10 percent.
SAC Capital Advisors officially changed its name to Point72 Asset Management and became a family office managing $9 billion to $10 billion of Steven Cohen's money, reports CNBC's Kate Kelly.
April 4- Billionaire investor Steve Cohen- owned SAC Capital Advisors LP's lawyers proposed to retain corporate adviser and former federal prosecutor Bart Schwartz as a compliance consultant while the hedge fund pleads guilty to insider trading charges.
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