Steve Cohen is retiring from the trading floor at his hedge fund Point72. Point72, which uses long/short, macro and systematic strategies, manages more than $35 billion. The firm is planning to launch a separate,

Steve Cohen, the billionaire investor who founded hedge fund Point72 Asset Management, will longer invest clients' capital, and instead will focus on driving the firm's growth and mentoring talent, Bloomberg reported Tuesday,

Steve Cohen, billionaire founder of Point72 Asset Management, has stopped trading at the hedge fund, according to a statement, although he is still making investment decisions as a co-chief investment officer alongside Harry Schwefel.