Steve Cohen’s Secret Weapon for the Mets: His Hedge Fund

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Steve Cohen’s Secret Weapon for the Mets: His Hedge Fund
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Some employees from billionaire hedge-fund manager Steve Cohen’s firm, Point72 Asset Management, are moonlighting in crucial roles for the New York Mets. Many are tasked with improving data analysis and technology.

In the 18 months since billionaire hedge-fund manager Steve Cohen bought the New York Mets, the baseball world has wondered how the sport’s wealthiest owner would use his vast resources and financial acumen to fix a historically hapless organization. The answer was both simple and revolutionary: He brought his hedge fund to the Mets—literally.

Some senior employees from Cohen’s firm, Point72 Asset Management, have been moonlighting as Mets employees in crucial roles, according to staffers’ LinkedIn pages, the Mets’ website and people familiar with the matter. Many are tasked with improving the team’s once-outdated infrastructure, data-analytics capabilities and technological prowess.

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