WASHINGTON--(BUSINESS WIRE)--Steve Cohen urged the more than 200 scientists, doctors, and academics attending the inaugural Cohen Veterans Care Summit in Washington, D.C. to solve the riddles of PTSD and TBI.
“The treatments we have today fall short. There are no cures,” Cohen said. “Together, we’re going to change that.”
Cohen, the founder of Point72 Asset Management, typically donates about $50 million annually to various charitable causes. This project, however, is personal: his son Robert joined the Marine Corps after college and deployed to Afghanistan in 2010.
“Robert came home in good shape, but many of his friends did not,” Cohen said. It was concern for this population that prompted Cohen to fund both the Cohen Veterans Network clinics and Cohen Veterans Bioscience research institute.
The Cohen Veterans Network provides free mental health care to veterans and their families, regardless of the status of their discharge. Working in cooperation with the U.S. Department of Veterans Affairs, the Cohen Veterans Network gives veterans access to behavioral health care, counseling, psychiatry, and other services – and even veterans with other-than-honorable or dishonorable discharges can receive services.
Since the 9/11 attacks, more than 2.7 million veterans have served in the military. A significant number have experienced mental health issues owing to combat service or traumatic brain injury, and the suicide rates among veterans have remained alarmingly high.
"In 2014 alone, more than 7400 veterans committed suicide,” Cohen said. “Let me put that in context for you: That’s more deaths in one year than all Americans killed in Afghanistan and Iraq.”
“We can't accept that,” Cohen said. “We won't accept that.”
There are also broader implications of Cohen’s project. The research furthered by the Cohen Veterans Bioscience institute could potentially assist the estimated nine million Americans who suffer from PTSD and the additional two million Americans with TBI, veteran and civilian alike.
About Point72 Asset Management:
Point72 Asset Management is a family office managing the assets of its founder, Steven A. Cohen, and eligible employees. Point72 primarily invests in discretionary long/short equities and makes significant quantitative and macro investments. The Firm’s long/short investment divisions are Point72 Asset Management and EverPoint Asset Management. Cubist Systematic Strategies is its quantitative business, and Rubric Capital is its deep value, multi-strategy business. The Firm is headquartered in Stamford, Connecticut, and maintains offices in New York, London, Hong Kong, Tokyo, and Singapore. Point72 Asset Management, L.P. is a family office and does not seek, solicit or accept any external investments. www.Point72.com