Steve Cohen News
14.05 / 07:19
markets
UPS
FIVE
Research
Trade
rock
Updates
Hedge funds are making a killing in the ‘golden age’ of AI hardware
Subscribe to enjoy similar stories.The hedge-fund herd was early to see opportunity in the stocks of chip makers and other artificial-intelligence hardware companies. Those bets just delivered stock-picking funds their best month in over two decades.Steve Cohen’s Point72, Whale Rock Capital Management and Seligman Investments are among the hedge-fund firms that posted strong returns in April thanks in part to rallies in semiconductor stocks and those of related equipment makers.That helped make April the best month for stock-picking funds since December 1999, according to an industry index compiled by research firm PivotalPath, with a gain of 6.5%.
29.01 / 01:55
markets
Analysis
NVIDIA
Research
Trade
President
Experts
Asian stocks advance on tech rebound ahead of Fed
Federal Reserve’s rate decision and US mega-cap earnings. Japanese and Australian shares rose. Most other major markets in the region are closed for Lunar New Year holidays. US equity futures declined after the S&P 500 rose 0.9% and Nasdaq 100 advanced 1.6% on Tuesday, as Nvidia Corp. rallied 8.9% following the largest one-day value loss in history. The dollar and oil gained after President Donald Trump talked about across-the-board tariffs.
28.01 / 22:05
COST
UPS
CEO
economy
NVIDIA
Steve Cohen says AI will be decadeslong theme, but Monday proves it won't be a 'straight line'
MIAMI BEACH, Fla. — Billionaire investor Steve Cohen is standing by his long-term bullish view of artificial intelligence despite the wild volatility recently, saying the transformational shift could take decades to realize.
09.12 / 21:53
17.09 / 21:55
18.06 / 18:01
markets
MET
NVIDIA
reports
Interviews
Steve Cohen is set to make a big push into investing in AI
Billionaire investor Steve Cohen's Point72 plans to launch a separate, artificial intelligence-focused hedge fund to capitalize on the boom, according to a person close to the firm's plans.
19.04 / 05:59
markets
Citi
Entertainment
rock
Traffic
NOT
Not only New York casinos threaten Atlantic City. Developer predicts Meadowlands casino is coming
Atlantic City casinos are bracing for new threats from as many as three new casinos in or near New York City
11.04 / 18:33
FIVE
Merit
economy
Bill
Golf
show
innovations
A four-day work week won't be on the horizon for decades
Billionaires and Senator Bernie Sanders agree on at least one thing: They see a four-day work week in America’s future. Hedge fund manager Steve Cohen is investing in golf courses because he anticipates a big increase in leisure time, and IAC founder Barry Diller is expecting people to be in the office only four days a week. Sanders has even proposed legislation to reset the work week to 32 hours.
04.04 / 15:17
14.03 / 13:53
Funding
Crypto Exchange
Steve Cohen’s Point72 Ventures Leads $10M Funding Round in Crypto Exchange D2X
Point72 Ventures, an early-stage venture fund backed by Steve Cohen, is leading a $10 million Series A funding round in D2X, a Netherlands-based crypto derivatives exchange.
23.02 / 11:53
markets
UPS
security
Strategy
Trade
performer
stars
The Hedge Funds That Changed the Game
Hedge-fund titans Steve Cohen, Izzy Englander and Ken Griffin are killing it. Their imitators are having trouble keeping up. The big three’s advantage comes from having pioneered what has become the hedge-fund industry’s hottest strategy over the past few years: Known as multimanager firms, they divvy up money across as many as hundreds of specialized investment teams with the aim of producing steadier returns that are uncorrelated to broader markets.
02.01 / 12:03
companies
Wall Street hedge fund takes short position against Hargreaves Lansdown
Point72 is headed by Steve Cohen, which, alongside European division Point72 Europe (London), took a net short position against HL, at 0.5% and 0.66%, respectively.
05.10 / 16:59
15.09 / 12:55
MET
Art
SUN
MAT
Goldman’s Pitch to Rich Clients: Hey, Buy a Piece of This Sports Team!
Goldman Sachs is preparing to offer wealthy clients more access to a unique investment: the chance to own a piece of a private sports team. The bank is creating a “sports franchise" unit within its investment banking division that will combine sports M&A with sports financing. A top goal is to work with asset and wealth management to pitch wealthy clients on investing in teams, stadiums and other flashy deals.
31.08 / 03:39
Target
Fighting
Southern
Memphis plant that uses potentially hazardous chemical will close, company says
A medical equipment sterilizing plant using a chemical whose emissions could lead to cause cancer and other health risks says it plans to close its Tennessee location by next spring
03.07 / 12:37
UPS
ETF
SEC
NYSE
Strategy
Mercantile
Bitcoin
First Bitcoin-Futures ETF Launches on NYSE
The first Bitcoin-futures ETF in the U.S. started trading Tuesday on the New York Stock Exchange, giving people an alternative way to participate in the crypto craze.
02.08 / 21:17
business
Investments
exits
Hedge fund billionaire Steve Cohen exits crypto startup Radkl amid bear market: Report
Steve Cohen, the founder of hedge fund Point72 Asset Management, has reportedly exited his investment in crypto trading firm Radkl.
02.08 / 13:17
21.04 / 03:47
VISA
Action
Browder calls on UK to ban travel for US ‘enablers of Putin’
Hedge-fund founder Bill Browder says he plans to pressure British MPs and the UK government to take action against lawyers in the US who have acted for pals of Vladimir Putin.
20.04 / 15:09
VISA
Action
Browder calls on UK to ban travel for US ‘enablers of Putin’
Hedge-fund founder Bill Browder says he plans to pressure British MPs and the UK government to take action against lawyers in the US who have acted for pals of Vladimir Putin.
20.04 / 11:17
Twitter
VISA
Lawyers
CMS
Carter-Ruck, CMS lawyers should face US visa bans over Russia work, says US congressman Steve Cohen
A US congressman has called for UK libel lawyers from law firms such as CMS, Carter-Ruck and Harbottle & Lewis to face US visa bans over their work for Russian clients.
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