Point72 Asset Management, backed by billionaire Steve Cohen, plans to return up to $5 billion to clients after posting significant profits in 2024. According to reports, the firm aims to distribute these returns by early 2025. The Wall Street Journal states that this move will also involve asking investors to cover previously covered costs, which may increase their expenses slightly.
Source: https://www.bloomberg.com/news/articles/2025-01-12/point72-plans-to-return-up-to-5-billion-to-clients-wsj-says