Billionaire New York Mets owner Steve Cohen, one of Wall Street’s most successful traders, is stepping back from running his own portfolio. The 68-year-old hedge-fund manager will continue serving as chairman,

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.