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Line 1: {{short description\|American ~~hedge~~billionaire hedge-fund manager, sports team owner (born 1956)}} {{For\|other persons with a similar name\|Steven Cohen (disambiguation){{!}}Steve Cohen (disambiguation)}} {{redirect\|Steven A. Cohen\|the American academic\|Steven A. Cohen (academic)}} Line 10: \| birth_date = {{Birth date and age\|1956\|06\|11}} \| birth_place = [[Great Neck, New York]], U.S. \| education = [[University of Pennsylvania]] ([[Bachelor of ~~Arts~~Science in Economics\|BABS]]) \| occupation = [[New York Mets]] (majority owner)<br>[[S.A.C. Capital Advisors]] (founder)<br>[[Point72 Asset Management]] (founder) \| known_for = Record insider trading fine of $1.8 billion<ref name="FinancialTimes2013November4ScannellKara">{{cite web \|last1=Scannell \|first1=Kara \|last2=Foley \|first2=Stephen \|title=SAC to pay biggest insider fine of $1.8bn \|url=https://www.ft.com/content/40809004-4567-11e3-b98b-00144feabdc0 \|access-date=December 4, 2019 \|agency=Nikkei \|publisher=Financial Times \|date=November 4, 2013 \|location=New York \|language=en \|url-access=subscription \|archive-date=November 5, 2019 \|archive-url=https://web.archive.org/web/20191105145640/https://www.ft.com/content/40809004-4567-11e3-b98b-00144feabdc0 \|url-status=live}}</ref> \| spouse = {{plainlist\| ~~\| spouse =~~* {{marriage\|Patricia Finke\|1979\|1990\|~~reason~~end=~~div~~divorced}}<ref name="NewYorkTimes2013April3LattmanPeter"/>~~<br>{{marriage\|Alexandra Garcia\|1992}}}}~~ '''Steven A. Cohen''' (born June 11, 1956) is an American [[hedge fund\|hedge fund manager]] and owner of the [[New York Mets]] of [[Major League Baseball]] since September 14, 2020, owning roughly 97.2% of the team.<ref name="MetsOwner">{{cite news\|last1=Thosar\|first1=Deesha\|title=Steve Cohen officially approved as new principal owner of Mets\|url=https://www.nydailynews.com/sports/baseball/mets/ny-steve-cohen-mets-20201030-t5hj3ebvp5deff7mipn3p5n7f4-story.html\|access-date=October 30, 2020\|website=New York Daily News}}</ref> He is the founder of hedge fund [[Point72 Asset Management]] and now-closed [[S.A.C. Capital Advisors]], both based in [[Stamford, Connecticut]].<ref name="NewYorkTimes2014April7GoldsteinMatthew">{{cite news\|last1=Goldstein\|first1=Matthew\|title=SAC Capital, Meet Point72 Asset Management\|url=https://dealbook.nytimes.com/2014/04/07/sac-capital-meet-point72-asset-management/\|access-date=June 12, 2019\|agency=The New York Times Company\|page=B5\|work=The New York Times\|date=April 7, 2014\|location=New York \|language=en\|url-access=subscription\|archive-date=March 26, 2019\|archive-url=https://web.archive.org/web/20190326044241/https://dealbook.nytimes.com/2014/04/07/sac-capital-meet-point72-asset-management/\|url-status=live}}</ref>▼ * {{marriage\|Alexandra Garcia\|1992}} }} }} ▲'''Steven A. Cohen''' (born June 11, 1956) is an American [[hedge fund\|hedge -fund manager]] and owner of the [[New York Mets]] of [[Major League Baseball]] since September 14, 2020, owning ~~roughly~~just over 97.2% of the team.<ref name="MetsOwner">{{cite news\|last1=Thosar\|first1=Deesha\|title=Steve Cohen officially approved as new principal owner of Mets\|url=https://www.nydailynews.com/sports/baseball/mets/ny-steve-cohen-mets-20201030-t5hj3ebvp5deff7mipn3p5n7f4-story.html\|access-date=October 30, 2020\|website=New York Daily News}}</ref> He is the founder of hedge fund [[Point72 Asset Management]] and ~~now-closed~~ [[S.A.C. Capital Advisors]], ~~both~~which ~~based~~closed inafter pleading guilty to [[~~Stamford,~~insider ~~Connecticut~~trading]] and other financial crimes.<ref name="NewYorkTimes2014April7GoldsteinMatthew">{{cite news\|last1=Goldstein\|first1=Matthew\|title=SAC Capital, Meet Point72 Asset Management\|url=https://dealbook.nytimes.com/2014/04/07/sac-capital-meet-point72-asset-management/\|access-date=June 12, 2019\|agency=The New York Times Company\|page=B5\|work=The New York Times\|date=April 7, 2014\|location=New York \|language=en\|url-access=subscription\|archive-date=March 26, 2019\|archive-url=https://web.archive.org/web/20190326044241/https://dealbook.nytimes.com/2014/04/07/sac-capital-meet-point72-asset-management/\|url-status=live}}</ref> In 2013, the Cohen-founded S.A.C. Capital Advisors pleaded guilty to [[insider trading]] and agreed to pay $1.8 billion in fines ($900 million in forfeiture and $900 million in fines) in one of the biggest criminal cases against a hedge fund. Cohen was prohibited from managing outside money for two years as part of the settlement reached in the civil case over his accountability for the scandal. The hedge fund agreed to plead guilty to wire fraud and four counts of securities fraud and to close its doors to outside investors.<ref name="FinancialTimes2013November4ScannellKara" /> Line 21 ⟶ 25: ==Early life and education== Cohen grew up in [[Great Neck, New York]], where his father was a dress manufacturer in [[Garment District, Manhattan\|Manhattan's garment district]], and his mother was a piano teacher.<ref name="WSJ2006September16PulliamSusan">{{cite news\|last1=Pulliam\|first1=Susan\|title=The Hedge-Fund King Is Getting Nervous\|url=https://www.wsj.com/articles/SB115836320295965062\|access-date=November 16, 2009\|agency=Dow Jones & Company Inc\|page=A1\|publisher=The Wall Street Journal\|date=September 16, 2006\|location=New York, N.Y., United States\|language=en\|url-access=subscription\|archive-date=January 30, 2015\|archive-url=https://web.archive.org/web/20150130132155/http://www.wsj.com/articles/SB115836320295965062\|url-status=live}}</ref> He grew up in a [[Jews\|Jewish]] family.<ref>{{Cite web \|last=Friedman \|first=Gabe \|title=Hedge fund manager Steve Cohen reaches agreement to buy the New York Mets \|url=https://www.timesofisrael.com/hedge-fund-manager-steve-cohen-reaches-agreement-to-buy-the-new-york-mets/ \|access-date=2023-10-15 \|website=www.timesofisrael.com \|language=en-US}}</ref><ref>{{Cite web \|date=2022-09-25 \|title=Jewish billionaire, Mets owner Steven Cohen: Major league philanthropist \|url=https://www.jpost.com/50-most-influential-jews/article-717769 \|access-date=2023-10-15 \|website=The Jerusalem Post {{!}} JPost.com \|language=en-US}}</ref> He is the third of seven brothers and sisters. He took a liking to poker as a high school student, often betting his own money in tournaments, and he credits the game with teaching him "how to take risks."<ref name="WSJ2006September16PulliamSusan" /> Cohen graduated from [[John L. Miller Great Neck North High School]] in 1974, where he played on the school's soccer team.<ref>{{Cite news\|last1=Anderson\|first1=Jenny\|last2=Lattman\|first2=Peter\|last3=Creswell\|first3=Julie\|date=December 22, 2012\|title=A Fascination of Wall St., and Investigators\|language=en-US\|work=The New York Times\|url=https://www.nytimes.com/2012/12/23/business/steven-cohen-of-sac-is-fascinating-to-investigators-too.html\|access-date=September 5, 2020\|issn=0362-4331\|archive-date=January 3, 2019\|archive-url=https://web.archive.org/web/20190103134843/https://www.nytimes.com/2012/12/23/business/steven-cohen-of-sac-is-fascinating-to-investigators-too.html\|url-status=live}}</ref> Cohen received an economics degree from the [[Wharton School]] at the [[University of Pennsylvania]] in 1978. While in school, Cohen ~~said he~~ was initiated as a brother of [[Zeta Beta Tau]] fraternity's Theta chapter, ~~and that~~where he served as treasurer. While ~~All~~at ~~that~~Penn, ~~was~~a ~~never~~friend ~~true~~helped him open a brokerage account with $1,000 of his tuition money.<ref name="WSJ2006September16PulliamSusan" /> == Investment career == ===Gruntal & Co. (1978–1992)=== In 1978, after graduating from Penn, Cohen got a [[Wall Street]] job as a junior trader in the [[options -arbitrage]] department at [[Gruntal & Co.]]<ref name="WSJ2006September16PulliamSusan" /> ~~His~~On his first day on the job at Gruntal & Co., he made an $8,000 profit. He ~~would~~ eventually would go on to make the company around $100,000 a day<ref name="BloombergBusinessweek2003July21VickersMarcia">{{cite news\|last1=Vickers\|first1=Marcia\|title=The Most Powerful Trader on Wall Street You've Never Heard Of\|url=https://www.bloomberg.com/news/articles/2003-07-20/the-most-powerful-trader-on-wall-street-youve-never-heard-of\|access-date=July 25, 2006\|agency=Bloomberg L.P.\|publisher=Bloomberg Businessweek\|date=July 21, 2003\|language=en\|url-access=subscription\|archive-date=August 6, 2016\|archive-url=https://web.archive.org/web/20160806113149/http://www.bloomberg.com/news/articles/2003-07-20/the-most-powerful-trader-on-wall-street-youve-never-heard-of\|url-status=live}}</ref> and eventually managed a $75 million portfolio and six traders.<ref name="WSJ2006September16PulliamSusan" /> Cohen was running his trading group at Gruntal & Co. by 1984, and continued running it until he started his own company, SAC Capital, in 1992.<ref name="BloombergBusinessweek2003July21VickersMarcia" /> Throughout the late 1980s, the Securities and Exchange Commission became suspicious that Cohen had used inside information in December 1985 when he bet that RCA and GE would merge, ahead of the announcement. The SEC called him to testify, but he refused to answer any questions, invoking his right against [[self-incrimination]]. Then, the SEC started looking into his other investments from the same period, especially those involving Brett K. Lurie. However, Cohen was not charged with insider trading.<ref name="NewYorkMagazine2010March26FishmanSteve" /> ===S.A.C. Capital Advisors (1992–2016)=== In 1992, Cohen started [[S.A.C. Capital Advisors]] with $10 million of his own money and another $10 million from outside capital. The company's name, 'SAC Capital', is derived from Steven A. Cohen's initials.<ref name="FinancialTimes2017February16GapperJohn">{{cite news\|last1=Gapper\|first1=John\|title=How Steven Cohen survived an insider trading scandal\|url=https://www.ft.com/content/efda2ca2-ec69-11e6-930f-061b01e23655\|access-date=May 23, 2017\|agency=Nikkei\|publisher=Financial Times\|date=February 16, 2017\|language=en\|url-access=subscription\|archive-date=May 28, 2017\|archive-url=https://web.archive.org/web/20170528064531/https://www.ft.com/content/efda2ca2-ec69-11e6-930f-061b01e23655\|url-status=live}}</ref> In 2003, the ''New York Times'' wrote that "SAC is one of the biggest hedge funds and is known for frequent and rapid trading."<ref name="NewYorkTimes2003January15MorgensonjanGretchen">{{cite news\|last1=Morgensonjan\|first1=Gretchen\|title=Wall St. Analyst and Husband Under Scrutiny\|url=https://www.nytimes.com/2003/01/15/business/wall-st-analyst-and-husband-under-scrutiny.html\|access-date=June 15, 2019\|agency=The New York Times Company\|page=C1\|work=The New York Times\|date=January 15, 2003\|location=United States\|language=en\|archive-date=December 26, 2017\|archive-url=https://web.archive.org/web/20171226113131/http://www.nytimes.com/2003/01/15/business/wall-st-analyst-and-husband-under-scrutiny.html\|url-status=live}}</ref> In 2006, ''The Wall Street Journal'' reported that, while Cohen was once a rapid-fire trader who never held trading positions for extended periods, he now ~~holds~~held an increasing number of equities for longer periods.<ref name="WSJ2006September16PulliamSusan" /><ref name="Time100">{{cite news\|url=http://www.time.com/time/specials/2007/time100/article/0,28804,1595326_1615737_1615873,00.html\|title=Time 100 – Steven Cohen\|last=Fox\|first=Justin\|date=March 5, 2007\|publisher=Time Magazine\|access-date=November 16, 2009\|archive-date=May 3, 2010\|archive-url=https://web.archive.org/web/20100503144118/http://www.time.com/time/specials/2007/time100/article/0,28804,1595326_1615737_1615873,00.html\|url-status=dead}}</ref> As of 2009, the firm managed $14 billion in equity.<ref name="bloombergAUM">{{cite news\|url=https://www.bloomberg.com/apps/news?pid=20601087&sid=aZ7fWNd30D5Q&pos=6\|title=SAC Said to Tell Clients a Review Found No Suspicious Trading \|last=Burton\|first=Katherine\|author2=Saijel Kishan \|date=October 11, 2009\|publisher=Bloomberg.com\|access-date=November 16, 2009}}</ref> ===Racketeering and insider trading charges=== In December 2009, Cohen and his brother Donald T. Cohen were sued by Steven's ex-wife Patricia Cohen for [[racketeering]] and [[insider -trading]] charges.<ref name="WSJ2009December17BrayChad">{{cite news\|last1=Bray\|first1=Chad\|last2=Strasburg\|first2=Jenny\|title=Steven Cohen Sued by Ex-Wife\|journal=The Wall Street Journal. Eastern Edition\|url=https://www.wsj.com/articles/SB10001424052748703581204574600643769832888\|access-date=January 4, 2010\|agency=Dow Jones & Company Inc\|page=C4\|publisher=The Wall Street Journal\|date=December 17, 2009\|location=New York \|language=en\|url-access=subscription\|issn=0099-9660\|archive-date=December 2, 2016\|archive-url=https://web.archive.org/web/20161202054559/http://www.wsj.com/articles/SB10001424052748703581204574600643769832888\|url-status=live}}</ref> On March 30, 2011, the United States District Court in Lower Manhattan dismissed the case, but, on April 3, 2013, the 2nd [[U.S. Circuit Court of Appeals]] in New York ~~said~~ruled that a lower court had erred in dismissing fraud-based claims by his former spouse and revived the lawsuit.<ref name="NewYorkTimes2011March30AhmedAzam">{{cite news\|last1=Ahmed\|first1=Azam\|title=Ex-Wife's Suit Against Steven Cohen Is Dismissed\|url=https://dealbook.nytimes.com/2011/03/30/ex-wifes-suit-against-steven-cohen-is-dismissed/\|access-date=April 2, 2015\|agency=The New York Times Company\|issue=DealBook\|work=The New York Times\|date=March 30, 2011\|location=United States\|language=en\|archive-date=April 2, 2015\|archive-url=https://web.archive.org/web/20150402220954/http://dealbook.nytimes.com/2011/03/30/ex-wifes-suit-against-steven-cohen-is-dismissed/\|url-status=live}}</ref><ref name="Reuters2013April3VaughanBernard">{{cite news\|last1=Vaughan\|first1=Bernard\|last2=Raymond\|first2=Nate\|title=SAC's Cohen must face fraud claims by ex-wife\|url=https://www.reuters.com/article/us-sac-lawsuit/sacs-cohen-must-face-fraud-claims-by-ex-wife-idUSBRE9320NM20130403\|access-date=September 23, 2013\|agency=Thomson Reuters\|issue=Business News\|publisher=Reuters\|date=April 3, 2013\|location=New York \|language=en\|archive-date=November 15, 2017\|archive-url=https://web.archive.org/web/20171115143932/https://www.reuters.com/article/us-sac-lawsuit/sacs-cohen-must-face-fraud-claims-by-ex-wife-idUSBRE9320NM20130403\|url-status=live}}</ref><ref name="NewYorkTimes2013April3LattmanPeter" /><ref name="WSJ2013April3ChungJuliet">{{cite news\|last1=Chung\|first1=Juliet\|title=New Divorce Fight for SAC's Cohen\|journal=The Wall Street Journal. Eastern Edition\|url=https://www.wsj.com/articles/SB10001424127887323916304578400454086122378\|access-date=September 23, 2013\|agency=Dow Jones & Company Inc\|issue=Deals & Deal Makers\|page=C3\|publisher=The Wall Street Journal\|date=April 3, 2013\|location=New York \|language=en\|url-access=subscription\|issn=0099-9660\|archive-date=April 5, 2015\|archive-url=https://web.archive.org/web/20150405064518/http://www.wsj.com/articles/SB10001424127887323916304578400454086122378\|url-status=live}}</ref> The appeals court also revived claims of racketeering and breach of fiduciary duty while upholding the dismissal of an unjust -enrichment claim. Writing for a three-judge panel, Circuit Judge [[Pierre N. Leval]] said that Patricia Cohen had made a "plausible" allegation that Steven Cohen had concealed the $5.5 million during negotiations on a separation agreement in 1989, which preceded the divorce. The revival of the lawsuit came amid mounting pressure on Steven Cohen over an insider -trading investigation that led to the arrest of Michael Steinberg, one of Cohen's closest confidantes at SAC Capital. SAC affiliates reached two civil insider trading settlements totaling nearly $616 million with the U.S. Securities and Exchange Commission. SAC neither admitted nor denied wrongdoing in either case.<ref>{{Cite web\|url=https://www.reuters.com/article/us-sac-lawsuit/sacs-cohen-must-face-fraud-claims-by-ex-wife-idUSBRE9320NM20130403\|title=SAC's Cohen must face fraud claims by ex-wife\|date=April 3, 2013\|website=www.reuters.com\|url-status=live\|archive-url=https://web.archive.org/web/20190616194005/https://www.reuters.com/article/us-sac-lawsuit/sacs-cohen-must-face-fraud-claims-by-ex-wife-idUSBRE9320NM20130403\|archive-date=June 16, 2019}}</ref> ===SEC investigation (2012–2016)=== Line 52 ⟶ 56: ===GameStop short squeeze=== In January 2021, Cohen's hedge fund Point72 joined [[Kenneth C. Griffin\|Ken Griffin]]'s [[Citadel LLC\|Citadel]] in putting $2.75 billion into [[Melvin Capital]], the hedge fund of former Cohen protege [[Gabe Plotkin]], as a result of the [[GameStop short squeeze]].<ref>{{cite web\|url=https://www.bloomberg.com/news/articles/2021-01-27/cohen-s-point72-loses-10-15-amid-month-s-hedge-fund-carnage\|title=Steve Cohen's Point72 Loses 10–15% Amid Month's Hedge Fund Carnage\|work=Bloomberg\|date=January 28, 2021\|access-date=January 28, 2021}}</ref><ref>{{cite web \|last1=Graziosi \|first1=Graig \|title=Billionaire MLB owner Steven Cohen defiant after GameStop loss and says he's 'trying to make a living' \|url=https://www.bloomberg.com/news/articles/2021-01-28/cohen-sundheim-lose-billions-to-reddit-traders-running-amok \|website=Independent \|access-date=January 29, 2021 \|date=January 28, 2021}}</ref> Cohen denied that his involvement with the short squeeze would affect his willingness to spend money on the New York Mets.<ref>{{cite web \|last1=Roberts \|first1=Daniel \|title=Steven Cohen reassures Mets fans on his involvement in GameStop stock frenzy \|url=https://finance.yahoo.com/news/steven-cohen-reassures-mets-fans-on-his-involvement-in-game-stop-stock-frenzy-183119106.html \|website=Yahoo! Finance \|publisher=Verizon Media \|access-date=January 29, 2021 \|date=January 27, 2021}}</ref> Cohen deactivated his Twitter account on January 29, 2021, due to an influx of threats against him and his family.<ref>{{cite web \|last1=Newburger \|first1=Emma \|title=Hedge fund billionaire Steve Cohen leaves Twitter after family receives threats amid GameStop backlash \|url=https://www.cnbc.com/2021/01/30/gamestop-point72-founder-steve-cohen-leaves-twitter-after-family-receives-threats.html \|website=CNBC \|access-date=January 30, 2021 \|date=January 30, 2021}}</ref> Cohen is portrayed by [[Vincent D'Onofrio]] in the 2023 film ''[[Dumb Money]]'', a biographical drama covering the short squeeze.<ref>{{Cite news \|last=Barnes \|first=Brooks \|date=September 8, 2023 \|title='Dumb Money' Lampoons Wall Street Titans With a Knowing Eye \|url=https://www.nytimes.com/2023/09/08/business/dumb-money-wall-street-game-stop.html \|work=[[The New York Times]]}}</ref><ref>{{Cite magazine \|last=Breznican \|first=Anthony \|author-link=Anthony Breznican \|date=June 21, 2023 \|title='Dumb Money' First Look: The GameStop Stock Frenzy Is Now a Movie \|url=https://www.vanityfair.com/hollywood/2023/06/dumb-money-first-look \|magazine=[[Vanity Fair (magazine)\|Vanity Fair]] \|language=en-US}}</ref> ==Wealth== In 2016, ''[[Forbes\|Forbes Magazine]]'' estimated Cohen's fortune at $13 billion, ranking him the 30th richest person in the United States.<ref name="Forbes2019November1">{{cite news\|date=November 1, 2019\|title=Steve Cohen, Founder, Point72 Asset Management\|language=en\|work=Forbes\|agency=Forbes Media LLC\|location=United States\|url=https://www.forbes.com/profile/steve-cohen/\|url-status=live\|access-date=November 1, 2019\|archive-url=https://web.archive.org/web/20191010070902/https://www.forbes.com/profile/steve-cohen/\|archive-date=October 10, 2019}}</ref> Cohen was dubbed "the hedge fund king" in a 2006 ''[[The Wall Street Journal\|Wall Street Journal]]'' article. His 2005 compensation was reportedly $1 billion,<ref>{{Cite news \|url=https://www.wsj.com/articles/SB115836320295965062 \|title=The Hedge-Fund King is Getting Nervous \|newspaper=The Wall Street Journal \|date=September 16, 2006 \|access-date=June 12, 2019 \|archive-date=September 19, 2019 \|archive-url=https://web.archive.org/web/20190919012451/https://www.wsj.com/articles/SB115836320295965062 \|url-status=live \|last1=Pulliam \|first1=Susan }}</ref> considerably higher than his 2001 compensation of $428 million.<ref name="BloombergBusinessweek2003July21VickersMarcia" /> In February 2015, Forbes listed Cohen as the highest-earning hedge -fund manager in 2014.<ref name="Forbes2015February25VardiNathan">{{cite news\|last1=Vardi\|first1=Nathan\|title=The 25 Highest-Earning Hedge Fund Managers And Traders (2015)\|url=https://www.forbes.com/sites/nathanvardi/2015/02/25/the-25-highest-earning-hedge-fund-managers-and-traders\|access-date=September 11, 2016\|agency=Forbes Media LLC\|work=Forbes\|date=February 25, 2015\|location=United States\|language=en\|archive-date=May 6, 2016\|archive-url=https://web.archive.org/web/20160506084349/http://www.forbes.com/sites/nathanvardi/2015/02/25/the-25-highest-earning-hedge-fund-managers-and-traders/\|url-status=live}}</ref> In December 2013, Cohen's New York penthouse in the Bloomberg Tower was listed with an initial sale price of $115 million.<ref>{{cite news \|url=http://www.nydailynews.com/life-style/real-estate/stephen-cohen-big-price-slash-article-1.1561730 \|title=Stephen A. Cohen cuts the price on his $117M duplex in the Bloomberg Tower \|author=Matt Chaban \|work=[[Daily News (New York)]] \|date=December 31, 2013 \|access-date=January 1, 2014 \|archive-date=January 1, 2014 \|archive-url=https://web.archive.org/web/20140101074538/http://www.nydailynews.com/life-style/real-estate/stephen-cohen-big-price-slash-article-1.1561730 \|url-status=live }}</ref> According to ''[[Institutional Investor (magazine)\|Institutional Investor]]'', Cohen made an estimated $1.7 billion in 2020.<ref>{{cite news\|last=Taub\|first=Stephen\|title=The 20th Annual Rich List, the Definitive Ranking of What Hedge Fund Managers Earned in 2020\|url=https://www.institutionalinvestor.com/article/b1qmsgpxhz0lpt/The-20th-Annual-Rich-List-the-Definitive-Ranking-of-What-Hedge-Fund-Managers-Earned-in-2020\|publisher=[[Institutional Investor (magazine)\|Institutional Investor]]\|access-date=March 3, 2021\|date=February 22, 2021}}</ref> ==New York Mets== Line 69 ⟶ 73: Via the Steven & Alexandra Cohen Foundation, the Cohens have donated to projects involved in health, education, arts and culture, and the New York community.<ref>{{Cite web\|url=http://www.insidephilanthropy.com/wall-street-donors/steven-a-cohen.html\|title=Steven A. Cohen – Wall Street Donors {{!}} Individuals {{!}} Foundations – Inside Philanthropy\|website=www.insidephilanthropy.com\|access-date=April 13, 2016\|archive-date=April 28, 2016\|archive-url=https://web.archive.org/web/20160428224622/http://www.insidephilanthropy.com/wall-street-donors/steven-a-cohen.html\|url-status=live}}</ref> In 2014, the Cohen Foundation provided funding, via the New York University Langone Center, for the study of [[post-traumatic stress]] and [[traumatic brain injury]].<ref name="BloombergNews2016April6GordonAmanda">{{cite news\|last1=Gordon\|first1=Amanda\|title=Steven Cohen Pledges $275 Million to Veteran Mental Health Care\|url=https://www.bloomberg.com/news/articles/2016-04-06/steven-cohen-pledges-275-million-to-veteran-mental-health-care\|access-date=November 2, 2019\|agency=Bloomberg L.P.\|issue=Pursuits\|publisher=Bloomberg News\|date=April 6, 2016\|location=United States\|language=en\|url-access=limited\|archive-date=May 23, 2017\|archive-url=https://web.archive.org/web/20170523084013/https://www.bloomberg.com/news/articles/2016-04-06/steven-cohen-pledges-275-million-to-veteran-mental-health-care\|url-status=live}}</ref> The foundation gave a grant in excess of $100,000 to the [[Bruce Museum of Arts and Science]] in 2014.<ref name="GreenwichTime2014November9BindBarbara">{{cite news\|last1=Bind\|first1=Barbara\|title=With new grant, Bruce Museum adds family programs\|url=https://www.greenwichtime.com/local/article/With-new-grant-Bruce-Museum-adds-family-programs-5881918.php\|access-date=November 2, 2019\|agency=Hearst Media Services Connecticut, LLC\|publisher=Greenwich Time\|date=November 9, 2014\|location=United States\|language=en\|archive-date=November 2, 2019\|archive-url=https://web.archive.org/web/20191102180235/https://www.greenwichtime.com/local/article/With-new-grant-Bruce-Museum-adds-family-programs-5881918.php\|url-status=live}}</ref> In 2019, the foundation contributed $50 million of the more than $400 million raised for the New York Museum of Modern Art. The museum announced in 2017 that MoMA's largest contiguous gallery will be called the Steven and Alexandra Cohen Center for Special Exhibitions. Cohen is on the board of the MoMa and LA MOCA.<ref>{{Cite web\|url=https://news.artnet.com/market/moma-secret-weapon-massive-400m-expansion-1671187\|title=How New York's MoMA Raised More Than $400 Million for Its Expansion in Just Four Years\|date=October 10, 2019\|url-status=live\|archive-url=https://web.archive.org/web/20191105155044/https://news.artnet.com/market/moma-secret-weapon-massive-400m-expansion-1671187\|archive-date=November 5, 2019}}</ref> In April 2016, Cohen announced the creation and a commitment of $275 million to the [[Cohen Veterans Network]].<ref name="VanityFair2016April8FoxEmily Jane">{{cite news\|last1=Fox\|first1=Emily Jane\|title=Billionaire Hedge-Fund Manager Pledges $275 Million to Veteran Mental-Health Care\|url=https://www.vanityfair.com/news/2016/04/steve-cohen-veteran-mental-health\|access-date=June 18, 2019\|agency=Condé Nast\|publisher=Vanity Fair\|date=April 8, 2016\|language=en\|url-access=limited\|archive-date=April 25, 2018\|archive-url=https://web.archive.org/web/20180425185458/https://www.vanityfair.com/news/2016/04/steve-cohen-veteran-mental-health\|url-status=live}}</ref> The CVN's goal is to establish mental -health centers for veterans and their families throughout the ~~U.S~~United States.<ref name="VanityFair2016April8FoxEmily Jane" /> The goal iswas the establishment of 20–25 centers by 2020.<ref name="VanityFair2016April8FoxEmily Jane" /> Cohen Veterans Bioscience, also funded by Cohen, conducts research into the effects of [[posttraumatic stress disorder]] on combat veterans.<ref name="VanityFair2016April8FoxEmily Jane" /> Line 94 ⟶ 98: == Legacy and awards == In 2008, he was inducted into the Institutional Investors Alpha's Hedge Fund Manager Hall of Fame along with [[Alfred Winslow Jones\|Alfred Jones]], [[Bruce Kovner]], [[David F. Swensen\|David Swensen]], [[George Soros]], [[Jack Nash (businessman)\|Jack Nash]], [[James Harris Simons\|James Simons]], [[Julian Robertson]], [[Kenneth C. Griffin\|Kenneth Griffin]], [[Leon Levy]], [[Louis Bacon]], [[Michael Steinhardt]], [[Paul Tudor Jones]] and [[Seth Klarman]].<ref name="InstitutionalInvestor2008September23">{{cite news\|title=Cohen, Simons, 12 Others Enter Hedge Fund Hall\|url=https://www.institutionalinvestor.com/article/b18bl36h7n2yzt/cohen-simons-12-others-enter-hedge-fund-hall\|access-date=June 16, 2019\|agency=Institutional Investor LLC\|publisher=Institutional Investor\|date=September 23, 2008\|language=en\|url-access=limited\|archive-date=June 16, 2019\|archive-url=https://web.archive.org/web/20190616211911/https://www.institutionalinvestor.com/article/b18bl36h7n2yzt/cohen-simons-12-others-enter-hedge-fund-hall\|url-status=live}}</ref> == Personal life == Cohen has been married twice.<ref name="WSJ2006September16PulliamSusan" /> In 1979, he married Patricia Finke, a New York native from a working-class background who grew up in the [[Washington Heights, Manhattan]] neighborhood of [[New York City]].<ref name="NewYorkMagazine2010March26FishmanSteve">{{cite news\|last1=Fishman\|first1=Steve\|last2=Dangremond\|first2=Sam\|title=Divorced, Never Separated\|url=http://nymag.com/news/features/65126/\|access-date=April 21, 2012\|agency=New York Media LLC\|publisher=New York Magazine\|date=March 26, 2010\|location=New York, N.Y., United States\|language=en\|archive-date=August 2, 2016\|archive-url=https://web.archive.org/web/20160802064927/http://nymag.com/news/features/65126/\|url-status=live}}</ref> They have two children together.<ref name="NewYorkMagazine2010March26FishmanSteve" /> They divorced in 1990. In 1991, Cohen met Alexandra "Alex" Garcia, a single mother of [[Puerto Rican people\|Puerto Rican]] descent. ~~Alex~~Garcia grew up in Washington Heights, moving there from her original home in the projects of [[Harlem]].<ref name="NewYorkMagazine2010March26FishmanSteve" /> They met through a dating service and was described, according to an acquaintance, as someone ~~that~~who ~~she~~had "always wanted to marry a millionaire".<ref>{{Cite web \|title=Divorced, Never Separated \|date=March 26, 2010 \|url=https://nymag.com/news/features/65126/}}</ref> ~~Alex~~Garcia, a ~~lifelong~~longtime Mets fan, has taken an active role in the Mets since Cohen purchased the team, ~~being~~and is listed as an owner along with ~~her~~Cohen. ~~husband~~She ~~of the team, and~~currently serves as the president of the Amazin’ Mets Foundation, the team's associated charity.<ref>{{cite web \| url=https://www.mlb.com/mets/team/front-office \| title=Front Office Directory \| New York Mets \| website=[[MLB.com]] }}</ref><ref>{{cite web \| url=https://latintrends.com/meet-alex-cohen-the-puerto-rican-wife-of-ny-mets-owner-steve-cohen/ \| title=Meet Alex Cohen, the Puerto Rican Wife of NY Mets Owner Steve Cohen \| date=December 7, 2022 }}</ref><ref>{{cite news \| url=https://www.nytimes.com/2023/03/26/sports/baseball/steve-cohen-mets-new-york.html \| title=Steve Cohen's Amazin', Maddening, Money-Losing Bid to Own New York \| work=The New York Times \| date=March 26, 2023 \| last1=Flegenheimer \| first1=Matt \| last2=Kelly \| first2=Kate }}</ref> He likes to boast a lot. One or two houses are all anyone needs yet he lives in mansions with dozens of empty rooms when thousands in his region could easily find housing if he let them live in his empty rooms in his many empty mansions. It is absurd. In 1998, Cohen purchased a {{convert\|35000\|sqft\|m2\|adj=on}} home on {{convert\|14\|acre\|m2}} in [[Greenwich, Connecticut]].<ref name="NewYorkTimes2008November14EdmonstonPeter">{{cite news\|last1=Edmonston\|first1=Peter\|last2=Kouwe\|first2=Zachery\|title=For Steven Cohen, 35,000 Square Feet Isn't Enough\|url=https://dealbook.nytimes.com/2008/11/14/for-stevie-cohen-35000-square-feet-isnt-enough/\|access-date=June 15, 2019\|agency=The New York Times Company\|issue=DealBook\|work=The New York Times\|date=November 14, 2008\|location=New York, N.Y., United States\|language=en\|archive-date=October 3, 2019\|archive-url=https://web.archive.org/web/20191003002446/https://dealbook.nytimes.com/2008/11/14/for-stevie-cohen-35000-square-feet-isnt-enough/\|url-status=live}}</ref><ref name="BloombergBusinessweek2003July21VickersMarcia" /> == See also == * [[List of University of Pennsylvania people]] * [[Fifth Amendment to the United States Constitution\|Fifth Amendment]] * [[High-frequency trading]] * [[Quote stuffing]] ==References== Line 120 ⟶ 127: {{New York Mets owners}} {{MLBOwners}} {{Wealthiest people in the United States}} {{Authority control}} Line 137 ⟶ 145: [[Category:Jewish American baseball people]] [[Category:American philanthropists]] [[Category:Jewish American ~~sportspeople~~sports executives and administrators]] [[Category:New York Mets owners]] [[Category:People from Great Neck, New York]] [[Category:Philanthropists from New York (state)]] [[Category:Stock and commodity market managers]] [[Category:Wharton School ~~of the University of Pennsylvania~~ alumni]] [[Category:20th-century American Jews]] [[Category:21st-century American Jews]] [[Category:Jews from New York (state)]]