Hedge fund titan Steve Cohen is no longer trading stocks. Here's why it's an important milestone for the $4 trillion industry.
Briefly

The change in Steve Cohen's role at Point72 marks a shift in focus from personal trading to talent development, reflecting the evolving needs of hedge fund leadership.
Colleagues describe Cohen's trading prowess as the closest thing to a human computer, showcasing his legendary status in the world of investment.
Cohen has expressed a desire to mentor the next generation of investors, illustrating his commitment to cultivating talent within Point72.
Though shocking, Cohen's decreased trading role was expected, as he has long signaled a gradual shift toward mentorship and team leadership.
Read at Business Insider
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