Point72, whose headquarters are located in Stamford, Conn., posted a 10% net gain despite economic headwinds, according to Institutional Investor.
which put a squeeze on short-sellers such as Melvin Capital, a hedge fund that counted Cohen’s firm as one of its investors.Melvin Capital lost an eye-popping $6.8 billion — more than half of its assets under management — in January 2021, when retail investors banded together on Reddit and bought up shares of distressed stocks such as AMC and GameStop — artificially inflating the share prices.
Point72 invested $750 million in Melvin Capital. Cohen’s firm redeemed the investment in March of last year.
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