Steve Cohen's Point72 Is Dumping These AI Stocks
Briefly

Steven Cohen, after a successful yet controversial career with SAC Capital, has shifted his focus to management and mentorship at Point72 Asset Management, stepping back from personal trading.
Cohen's management style at Point72 is now to drive strategic initiatives and mentor the next generation of traders, suggesting a transition from hands-on trading to leadership.
Point72, although born from scandal, has amassed over $35 billion in assets under management, illustrating Cohen's ability to rebound and reshape his financial legacy.
Cohen's transition to reducing personal trading at Point72 signals a pivotal change in his professional approach, prioritizing firm growth and talent development over personal gains.
Read at 24/7 Wall St.
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