Never underestimate the resilience and shrewdness of Steve Cohen. The hedge fund he founded - SAC Capital Advisors - has been getting a lot of negative publicity. Most recently, two former SAC employees were convicted of insider trading.
Well, Cohen is trying to change the name of his firm to Point72 Asset Management. As the New York Post reports, the 72 comes from the company's address on Cummings Point Road in Stamford, Connecticut. Here you can read that coverage.
On April 10, 2014 Cohen finds out if a federal judge will approve the name change. If it's a go, Cohen could have a fresh go in his business. Soon enough folks would stop remembering that Point72 had been SAC.