Point72 Plans to Return Up to $5 Billion to Clients, WSJ Says

Billionaire Steve Cohen’s Point72 Asset Management will return between $3 billion and $5 billion to investors after posting large profits, according to a report in the Wall Street Journal.

The firm told clients it would return the profits in early 2025, the Wall Street Journal reported, citing people familiar with the matter. The fund, which generated about 19% in returns in 2024, will also ask clients to pay certain costs that Cohen previously covered — a change that will likely boost expenses borne by investors by a few tenths of a percentage point of assets, according to the newspaper. ...