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 has stepped away from the trading floor. While the billionaire hedge fund founder remains Point72 Asset Management’s co-chief investment officer, along with Harry Schwefel, he’s no longer investing clients’ capital.

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,