NEW YORK (AP) — Billionaire hedge fund founder Steven A. Cohen and his wife have given $17 million to a New York City hospital to study post-traumatic stress and brain injury among veterans.
NYU Langone Medical Center announced the contribution Monday.
The gift from the Steven and Alexandra Cohen Foundation will help establish a research center. It will work on developing biological tests for post-traumatic stress and traumatic brain injuries.
Steven Cohen says in a statement he hopes the center “will have far-ranging effects” on veterans’ care.
Cohen founded SAC Capital Advisors, one of the world’s most profitable hedge funds.
It has come under scrutiny recently amid an insider trading case against a portfolio manager who worked for an SAC affiliate. SAC has said the company and Cohen are confident that they acted appropriately.
