Hedge Fund Legend Steve Cohen Steals Away from Alibaba (BABA) Stock, Pours Money into Momo Inc (MOMO)

Hedge Fund Legend Steve Cohen Steals Away from Alibaba (BABA) Stock, Pours Money into Momo Inc (MOMO)

Global asset management firm Point72 knows how to play long/short equity strategies to reap investments. With billionaire founder Steven Cohen at the helm, Point72 has added over 1,250 employees worldwide in the last 26 years; and amassed a cool $12 billion in assets. Cohen himself boasts $14 billion to his name.

What’s on the horizon for Point72? It appears Cohen has his eyes on a strategic…

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