The owner of the New York Mets says he dropped Twitter because his family received threats he attributed to “ misinformation ” not tied to the baseball team.
Steve Cohen’s hedge fund, Point72, has become caught in turmoil in the market that has a group of small investors up against traders who have placed bets on – or “shorted” – shares of companies, including GameStop.
Hedge funds that went GameStop short have lost billions as small investors bid for the company’s stock. One of the short sellers, Melvin Capital, announced this week that it has received a $ 750 million infusion from Point72.
“I really enjoyed going back and forth with Mets fans on Twitter, which unfortunately this week was overtaken by misinformation unrelated to the Mets, which left our family with personal threats,” Cohen said in a statement Saturday. the Mets. “So I’m taking a break for now.”
The hedge fund billionaire told Mets fans, “We have other ways to listen to your suggestions and remain committed to them.” He added that this week’s events will not affect the resources of the team.
Cohen first took a stake in the Mets in 2012. Last year, he acquired 95% of the shares in a deal that valued the club at $ 2.4 billion, a record sale price for a Major League Baseball team.
The Mets came in tie for last place in the National League East division last season. This month, the team fired the newly hired general manager after reports that he had sent explicit and unsolicited messages to a female reporter several years ago.