Point72

GameStop Corporation (NYSE:GME) could be pushing deeper into its bets on trading cards and grading services with a new board appointment. What Happened: Nat Turner officially joined the video game retailer’s board of directors. The decision expands the number of board members from five to six...

In the rapidly evolving landscape of finance, billionaire investor Steve Cohen‘s Point72 Asset Management is leveraging the power of artificial intelligence (AI) to make significant strides. With Cohen at the helm, Point72 has embraced AI technologies, leading to substantial cost savings and...

Billionaire investor Steve Cohen joined CNBC's "Squawk Box" on Wednesday and predicted the four-day work week will become mainstream for the "vast majority" of people in the near future.  What Happened: In an interview at the 2024 Sohn Investment Conference this week, Cohen said he sees the...

Citadel Securities founder Ken Griffin's $50 million bet on a candidate in the Republican gubernatorial primary in Illinois has not paid off. What Happened: Aurora, Illinois, Mayor Richard Irvin lost to State Sen. Darren Bailey on Tuesday night, reported NBC 5...

Why should I go? That’s the question some were likely asking themselves as SkyBridge Capital, a global investment firm, looked to bring thousands of the world’s foremost investors and thought leaders together for three days of high-level collaboration and networking. Let’s answer...

The hedge fund Melvin Capital, which has been at the heart of the GameStop frenzy, lost about 53% in January, The Wall Street Journal has reported.  What Happened: Founded in 2014 by Gabe Plotkin, a former portfolio manager for Steve Cohen, Melvin ended January with more than $8...

The founder of hedge fund Point72 and owner of the New York Mets Steve Cohen has deactivated his Twitter account after his family received threats this week amid the GameStop trading fiasco, Bloomberg and ESPN have reported.  What Happened: In a statement, Cohen said he was taking...

The fervor of the crowd versus Wall Street commenced during one of Benzinga's live shows. On Jan. 21, Citron Research's Andrew Left went live with Benzinga’s Luke Jacobi and Jason Raznick on the daily "Power Hour" show to discuss his opinion on GameStop Corporation (NYSE:...

Barstool Sports Founder Dave Portnoy and hedge fund manager Steve Cohen on Thursday argued via Twitter (NYSE: TWTR) over the battle between retail traders and hedge funds. What Happened: Portnoy has spent the past few days defending the retail traders who helped send shares of stocks...

Point72 has suffered a loss amounting to nearly 15% this year — thanks to the sharp uptick in the shares of GameStop Corporation (NYSE: GME), a person familiar with the matter told the New York Times.  What Happened: The hedge fund run by Steve Cohen — the owner of New York Mets...

See also: How to Buy GME Stock One of the biggest news stories of the last two weeks has been the battle between retail traders versus hedge funds that shorted GameStop Corp (NYSE: GME) stock. Citron Research Covers Short: Citron Research’s Andrew Left was one of the most vocal opponents...

GameStop Corporation (NYSE: GME) short seller Melvin Capital Management LP said Monday it had received $2.75 billion in investment from hedge funds Citadel and Point72. What Happened: While Citadel and its partners are investing $2 billion, Point72 is pumping in $750 million into Melvin Capital,...

The stock market is often compared to a casino, but some of the most successful professional investors may also be the most talented gamblers as well. Hold 'Em A recent study by the University of Alabama and the University of Central Florida found that the funds of hedge fund managers who...