We're not in a recession yetI think we're going to have significant slowing growthWe think it'll probably be a 45% chance of recessionWill be slowdown, Fed will be slow to respondStocks could retest their April lows
Cohen emphasized the volatility of the economic environment, saying his answers might have been different a week ago.
He began his career at Gruntal & Co. before launching S.A.C. Capital Advisors in 1992, which became one of the most successful hedge funds of its time. Following a high-profile insider trading case that led to a $1.8 billion settlement and a two-year ban from managing outside capital, Cohen rebranded his firm as Point72 in 2014. The firm reopened to external investors in 2018 and now manages over $35 billion in assets.
The Sohn Investment Conference is an annual event held in New York city that brings together leading hedge fund managers and investors to share their market insights and investment ideas
established in 1995 it raises funds for pediatric cancer research through the Sohn Conference Foundation This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
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