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Greenwich Billionaire Cohen Runs Academy To Train Wall Street Leaders

Greenwich resident Steve Cohen runs Point 72 Asset Management, which manages his own $12 billion portfolio.
Greenwich resident Steve Cohen runs Point 72 Asset Management, which manages his own $12 billion portfolio. Photo Credit: File

GREENWICH, Conn. -- Greenwich billionaire Steve Cohen, who runs Point 72 Asset Management to manage his own wealth, has launched Point72 Academy to train future Wall Street leaders on how to make the big bucks, according to a story on BusinessInsider.com .

The Academy is a 15-month paid program designed to train college graduates as investment professionals for his $10 billion fund, businessinsider.com said.

The academy program launched in August, and only 12 of 400 applicants were accepted for its first year. Spots are already filling up for next year's class, businessinsider.com said.

Cohen, who is worth $12 billion, was forced to shut down his Stamford-based SAC Capital hedge fund after pleading guilty to insider-trading charges. His fortune took a hit in that case: He paid out $1.8 billion to cover SAC's penalties.

Read the full story here on the BusinessInsider.com about Point72 Academy.

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