Deals
Steve Cohen Is Trying to Teach Computers to Think Like Top Traders
- Point72 is experimenting with ways to replicate winning bets
- Billionaire trader may return to hedge fund industry next year
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Steven A. Cohen got rich by going with his gut on big trades. Now the billionaire trader is experimenting with another path: automating the decisions of his best money managers.
Cohen’s Point72 Asset Management, which oversees his $11 billion fortune, is parsing troves of data from its portfolio managers and testing models that mimic their trades, according to people familiar with the matter.