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Stamford Firefighters Battle Blaze At HQ Of Cohen's Hedge Fund

A fire Saturday damaged the Stamford headquarters of Point72 Asset Management, which is run by Greenwich billionaire Steve Cohen.
A fire Saturday damaged the Stamford headquarters of Point72 Asset Management, which is run by Greenwich billionaire Steve Cohen. Photo Credit: Jon Tenca/ Puck Stopper Photography

STAMFORD, Conn. — A fire at the Stamford headquarters of Greenwich billionaire Steven Cohen's new company began as workers were installing air conditioning units on Saturday morning, fire officials said.

At 8:13 a.m. Saturday, Stamford’s Combined Dispatch Center received multiple calls of heavy black smoke coming from the roof of 72 Cummings Point Road. Some callers reported occupants fleeing the building, fire officials said.

Three engines, a ladder truck, a rescue company, a Rapid Intervention Team and an Incident Commander responded to the scene, a commercial office building that is home to Point 72 Asset Management, a group of hedge funds founded by Cohen.

The first arriving engine company confirmed a fire on the roof of the large commercial structure, fire officials said. A second alarm was requested by the incident commander, bringing an additional engine and truck company  to the scene.

“Fire crews quickly gained access to the roof and found a large air conditioning unit well involved, threatening several other adjacent units and the roof of the building,” Acting Deputy Fire Chief Shaun Tripodi said.

Firefighters worked for about an hour to cut away and remove duct work and the metal housing from the air-conditioning unit so they could fully extinguish the blaze, Tripodi said.

Firefighters later learned that the air conditioning units had just been installed and several tradesman had been working on them when the fire broke out, he said.

Two tradesman were transported to Stamford Hospital's Emergency Department for smoke inhalation, Tripodi said. Their injuries did not appear to be life-threatening, he said.

No firefighters were injured at the blaze at the office building.

A third alarm was sounded, bringing an additional engine and truck company to assist with the overhaul and to provide relief for the initial attack crews, Tripodi said.

Firefighters also performed salvage operations, covering office equipment with large tarps to help limit water damage to the offices below the fire.

The cause of the fire is under investigation by the Stamford Fire Marshal's Office.

Stamford’s volunteer firefighters were put on stand at their stations. In addition, Norwalk Fire Department provided an engine and truck company to cover the Central Fire Station at 629 Main St.

Two Stamford EMS units, a paramedic supervisor and a rehabilitation unit also responded to the scene.

Stamford Police provided crowd and traffic control.

The company's trading floor and data rooms were not affected by the fire.

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