30-05-2017 15:48 via feedproxy.google.com

Steve Cohen reportedly is prepping the biggest hedge-fund launch ever

Steve Cohen is looking to raise $20 billion for his big hedge-fund comeback, The Wall Street Journal reported.
That would make his fund the biggest US hedge-fund launch, coming about four years after his previous hedge-fund firm, SAC Capital Advisors, was barred from managing external money and pleaded guilty to insider trading.
Cohen was never charged, and he neither admitted nor denied wrongdoing in a civil settlement. He is allowed to manage external capital again in 2018.
The $20 billion Coh
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