-
Farfetch Gains Glamorous Investors: Steven Cohen-Backed Point72 Makes Luxe Bet With 5.1% Share
Saturday, December 2, 2023 - 11:57am | 484Farfetch (NYSE: FTCH), a prominent player in the luxury fashion industry, has attracted notable investment interest, as evidenced by a recent SEC filing. Point72 Asset Management, L.P., along with associated entities and noted investor Steven A. Cohen, reported owning 18,132,...
-
Ken Griffin Doesn't Want You To See 'Dumb Money' Movie, Screenwriters Say That's Why You Should
Friday, September 15, 2023 - 12:44pm | 905"Dumb Money" — a movie that depicts the events surrounding the GameStop Corp (NYSE: GME) meme stock sage — hits theaters in limited release this week, with a national expansion coming on Sept. 22. One of the central characters portrayed in the film claims he got changes made,...
-
GameStop Film 'Dumb Money' Stars Paul Dano, Pete Davidson, Seth Rogen: Cast Details, First Trailer Released
Thursday, June 22, 2023 - 4:45pm | 1311A highly anticipated movie that features one of the most infamous stock market storylines of the last decade has revealed more details of its cast and released a first trailer. What Happened: A fierce battle between retail traders and hedge funds will be chronicled on the big screen with the...
-
'We Are Going Up': New York Mets Owner Steve Cohen Identifies 'Big Wave' Of Opportunities In This Segment. Here's How He's Positioning His Bets
Friday, May 19, 2023 - 1:25pm | 942Heightened interest rates have cast a shadow of doubt over stock market optimism, intensifying concerns of a looming economic downturn. Many experts have called for a recession. But billionaire hedge fund manager and New York Mets owner Steve Cohen is taking a bullish stance. “I’m...
-
Elon Musk, Jeff Bezos, Bill Gates and Other Billionaires Outrageously Lavish Purchases That Will Make Your Head Spin
Wednesday, March 22, 2023 - 10:55am | 1065Tech billionaires are known for their lavish lifestyles and extravagant spending habits. Many of these tycoons turned their startups into some of the biggest companies in the world resulting in billions of dollars in personal wealth accumulation. When you have more money than you could ever...
-
Steven Cohen's $24B Hedge Fund Increased Stake In 2 Tech Dividend Payers, Opened 2 Energy Positions
Sunday, November 20, 2022 - 4:44pm | 639Steven Cohen is the owner of the New York Mets and is also the founder and hedge fund manager of Point72 Asset Management. Cohen purchased the Mets in 2020 for roughly $2.4 billion, which was a record-breaking sale price for an MLB team at the time. Cohen is also an avid art collector, owning...
-
This Steven Cohen-Backed Startup Wants You To Be Able To Buy/Sell Tesla Stock On A Saturday If Elon Musk Tweets
Monday, December 6, 2021 - 2:12am | 543A startup backed by hedge fund billionaire and New York Mets owner Steven Cohen plans to launch a stock exchange that would enable investors to trade in stocks such as Tesla Inc. (NASDAQ: TSLA) 24 hours a day, similar to the round-the-clock trading possible in cryptocurrencies like Bitcoin (CRYPTO...
-
Lessons From NYC's First SALT Conference On Finance, Technology, Geopolitics
Sunday, September 19, 2021 - 11:10am | 1031Why 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...
-
Billionaire Investor Steven Cohen Deepens Cryptocurrency Bet, To Fund Quant Trading Firm Radkl
Wednesday, September 15, 2021 - 12:33am | 352Billionaire investor Steven Cohen has agreed to invest in Radkl, a cryptocurrency quantitative-trading firm being launched by partners of New York-based GTS, a high-speed trading firm active in stocks and options. What Happened: Cohen is expected to provide financial backing for Radkl but will not...
-
Fintech Focus For June 24, 2021
Wednesday, June 23, 2021 - 6:01pm | 2260Quote To Start The Day: “Our enemies are innovative and resourceful, and so are we. They never stop thinking about new ways to harm our country and our people, and neither do we.” Source: President George W. Bush One Big Thing In Fintech: The COVID-19 pandemic accelerated acceptance of...
-
Hedge Funds Face Massive $25 Billion Tax Bill With No Way Out
Wednesday, June 22, 2016 - 8:42am | 269A tax loophole in which hedge-fund managers avoid paying taxes on performance fees packed offshore will cease to exist on December 31, 2017. According to Bloomberg, a proposed change to the tax loophole that hedge fund managers have been taking advantage of for years was actually proposed eight...
-
Steve Cohen On Hedge Funds: I'm Blown Away By The Lack Of Available Talent
Tuesday, May 3, 2016 - 8:54am | 262Steven Cohen, the billionaire investor and hedge fund manager, has somewhat discouraging words for finance professionals looking to find a high paying job at a hedge fund. Cohen, speaking at the Milken Institute Global Conference on Monday said that he is "blown away by the lack of talent" of...
-
Pernix Therapeutics Soars 75% Following Report of 5.8% Stake by Point 72
Monday, May 2, 2016 - 9:14am | 109Shares of Pernix Therapeutics Holdings Inc (NASDAQ: PTX), a nano-cap specialty pharmaceutical company that focuses on products that addresses unmet medical needs, soared higher by more than 75 percent early Monday morning. Investors and traders were reacting to Point72 Asset Management's...
-
Monday's After-Hours Movers Led By Trevena, Petrobras And Sunedison
Monday, August 31, 2015 - 5:01pm | 352Shares of Trevena Inc (NASDAQ: TRVN) were up more than 36 percent in Monday’s after-hours session, after the company announced positive results from its Phase 2b study of TRV130 in Acute Postoperative Pain. Neil Singla, M.D., chief scientific officer of Lotus Clinical Research...
-
Black Monday Didn't Stop Mr. Shaw & Mr. Cohen
Tuesday, August 25, 2015 - 7:22am | 342On a day where markets fell considerably, two major hedge fund managers disclosed noteworthy stock moves with the SEC. Steven Cohen Steven Cohen’s Point72 Asset Management disclosed a new position in small-cap clinical-stage biopharmaceutical company Inotek Pharmaceuticals Corp (NASDAQ...