Steven “Steve” A. Cohen (born 11 June 1956) is an American hedge fund manager. He is the founder of SAC Capital Advisors, a Stamford, Connecticut-based hedge fund focusing primarily on equity market strategies.
He has an estimated net worth of $8.3 billion as of March 2012, ranked by Forbes as the 35th richest man in America. Born in Great Neck, NY, he took a liking to poker as a high school student, often betting his own money in tournaments. Cohen credits the game with teaching him “how to take risks. ” While in school, a friend helped him open a brokerage account with $1,000 of his tuition money.
In December 2009, Steven Cohen and his brother Donald were sued by Steven’s ex-wife Patricia Cohen for racketeering and insider trading charges. On March 30, 2011, the United States District Court in Lower Manhattan dismissed the case, saying Ms. Cohen’s claims amounted to little more than speculation and rumor. READ MORE AS YOU ENTER THE WORLDS OF #SabinaBhatia @Kapitall #SteveACohen
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