Inside the network of dozens of spin-off hedge funds from billionaire New York Mets owner Steve Cohen

By Bradley Saacks6 days ago

Steve Cohen.

Point72; Shayanne Gal/Insider

  • An Insider review found more than 80 hedge funds connected to Point72 founder Steve Cohen.
  • Big names include current and former managers like Gabe Plotkin, Jason Karp, and Neil Chriss.
  • Insider used LinkedIn, past media reports, industry sources, and more to compile this list.
  • See more stories on Insider's business page.

Steve Cohen's decades-long career in finance has made him billions of dollars across two different hedge funds and led to the creation of more than 80 other firms.

Dozens of people who have worked for the famed stock picker - who was forced to close his first fund after a yearslong battle with the Justice Department - have gone on to found their own funds.

Notable names to come from now-closed SAC Capital and Cohen's current fund, the $20 billion Point72, include the founder of the $8 billion fund Melvin Capital, Gabe Plotkin, and the founder of $1.8 billion Honeycomb Asset Management, David Fiszel, as well as shuttered funds like Tourbillon Capital, from the HumanCo founder Jason Karp, and Hutchin Hill, from the Millennium portfolio manager Neil Chriss.

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