Steve Cohen returns as beau of Wall Street ball

Steven Cohen
Adam Jeffery | CNBC
Steven Cohen

Steve Cohen is back as the beau of the Wall Street ball. The founder of Point72 Asset Management and defunct SAC Capital starred at Michael Milken's annual bash, warning global grandees that overcrowding in the hedge-fund world is lowering returns. It was one of his first public-speaking engagements since he settled a U.S. Securities and Exchange Commission case in January 2016.