00:00The New York Mets had a brutal season, but their owner? He just had a $3.4 billion year.
00:06While fans were watching losses pile up in Citi Field,
00:09Steve Cohen was quietly topping Bloomberg's list of highest-earning hedge fund managers.
00:14Cohen earned about $3.4 billion from his Point72 last year.
00:19That's more than $9 million a day.
00:22Enough to cover the annual salaries of roughly 67 Juan Sotos,
00:26or buy about a million hot dogs every day for a year.
00:31Not bad for someone whose previous firm, SAC Capital, pleaded guilty to insider trading in 2013,
00:37forcing him to return investor money.
00:39Cohen has denied any wrongdoing.
00:41When Point72 reopened in 2018, billions rushed back in.
00:45Today, the fund manages more than $45 billion and gained 18% last year,
00:51beating rivals like Ken Griffin's Citadel.
00:53The Mets are still chasing a title, but Cohen's real franchise isn't in Queens.
00:58It's in Connecticut.
01:00190 trading pods, 3,000 employees, and billions rushing in.
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