Billionaire trader Steven A. Cohen is cautioning the staff of his investment firm, Point72 Asset Management, to remain cautious amid markets that have recovered slightly from coronavirus-driven lows. Cohen also wrote that his $16 billion firm’s returns are “essentially flat for the year,” a result that “speaks to how well our investment professionals have managed risk in such a challenging environment.” Point72 is best known for stock market investments, its core hedge fund strategy, although it also bets on other securities following a so-called macro style, which involves global wagers on lots of asset classes at once …read more
Source:: Yahoo Finance
