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.

Steve Cohen is retiring from the trading floor at his hedge fund Point72. Point72, which uses long/short, macro and systematic strategies, manages more than $35 billion. The firm is planning to launch a separate,