Steven Cohen, Eying New Investors, Doubles Down On Quants — But Will It Work?

Steve Cohen, who earned a fortune during a period of time when portfolio managers in his hedge fund were going to jail for insider trading, did not make the list of top hedge earning fund executives in 2016, earning a paltry 1% on the assets he manages in his family office, Point72 Asset Management. When the firm was managing outside money under the moniker of SAC Capital, and before he pled guilty and paid $1.8 billion in fines, times were better. Cohen, looking to find a new spark to return to the glory days of the past – and hopefully…