The owner of the New York Mets says he took to Twitter because his family received threats he attributed to ‘wrong information’ that was not linked to the baseball team.
Steve Cohen’s hedge fund, Point72, has become entangled in the turmoil of the market which used a group of smaller investors against traders who placed a bet on – or ‘shorted’ – shares of companies, including GameStop.
Hedge funds that cut GameStop short have lost billions when small investors bid on the company’s shares. One of the short sellers, Melvin Capital, announced this week that he has received a $ 750 million infusion of Point72.
“I enjoyed the back-and-forth with Mets fans on Twitter, which was unfortunately overtaken this week by misinformation related to the Mets, which led to our family receiving personal threats,” Cohen said on Saturday. a statement said. “So I’m going to take a breather for now.”
The hedge fund billionaire told Mets fans: “We have other ways to listen to your proposals and stay committed to them.” He added that the events of this week will not affect the team’s resources.
Cohen first took an interest in the Mets in 2012. Last year, he acquired 95% ownership in a deal that valued the club at $ 2.4 billion, a record price for a Major League Baseball team.
The Mets finished last in the National League East division last season. This month, the team fired its newly appointed general manager after reports that he sent explicit and unsolicited messages to a female reporter several years ago.