Billionaire Steve Cohen Tweets Mets Collapse Is ‘Hard to Understand’
(Bloomberg) -- Steve Cohen vented his frustration with the New York Mets Wednesday after his team lost to the San Francisco Giants, asking how professional hitters could be “this unproductive.”
The Mets are now below .500 and find themselves in third place in the National League East as they struggle through injuries and offensive ineptitude. This is Cohen’s first season as owner and he’s been active on Twitter.
Cohen, 65, built his fortune within the hedge fund industry. His Point72 Asset Management now manages $21.8 billion and he also has a family office that invests in private companies, venture capital and real estate.
The veteran trader bought the Mets in December for about $2.5 billion, beating out a bid from Alex Rodriguez and Jennifer Lopez. The prospect of a deep-pocketed owner -- Cohen is worth $11 billion, according to the Bloomberg Billionaires Index -- led many fans to hope that the team might turn a corner. Cohen promptly made waves by signing shortstop Francisco Lindor to a massive long-term contract.
The Mets collapse comes as the crosstown Yankees are surging. On Tuesday the Yankees swept Boston in a double-header, putting them above the Red Sox in the race for a playoff spot.
©2021 Bloomberg L.P.