Steve Cohen's Comeback Takes Shape - Bloomberg
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Steve Cohen's fund Point72 (formerly SAC Capital) is taking preliminary steps for his comeback and is setting the stage to raise $2-$10 billion of outside money, Bloomberg reported.
Marketing firm ShoreBridge Capital Partners has told prospective clients to expect marketing materials in the next several weeks, Bloomberg reported citing people familiar with the matter.
Under a settlement with the SEC and DoJ, Cohen was banned from managing outside money until Jan. 1, 2018.
After 18 months of flat returns, the fund is said to be up 5% YTD, the report added.
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