Hedge Fund Giants Are Muscling Into Red-Hot Private Markets
Steve Cohen is one of the richest people in finance thanks to teams of traders making short-term mark-to-markets bets. But over the last few weeks, the billionaire founder of Point72...
By Nishant Kumar · Bloomberg Markets
Steve Cohen is one of the richest people in finance thanks to teams of traders making short-term mark-to-markets bets. But over the last few weeks, the billionaire founder of Point72 Asset Management has had his people out talking to investors about an entirely different strategy — where patience, not speed, delivers the payoff.