Steve Cohen Loses His Top Trader

Steven Cohen's veteran top trader is leaving, just months before the formerly-barred hedge fund manager is expected to resume managing outside investor money.
As the NYT's Matt Goldstein reports, Phil Villhauer, 52, who started working for Cohen's then-SAC Capital in 2002, was promoted to global head of trading at the successor company, Point72, shortly after Cohen was forced to stop accepting outside investors’ money as part of an insider trading settlement with federal authorities, converting his hedge fund into an $11 billion family office.