Repeat Business

Steven Cohen's Dubious Rerun

Fund size would get in the way of repeating history.
Photographer: Simon Dawson/Bloomberg
Lock
This article is for subscribers only.

Don’t call it a comeback just yet.

As Bloomberg News reported on Tuesday, hedge fund manager Steven A. Cohen is preparing to raise as much as $10 billion from outside investors in 2018 for a new fund. Combined with his personal fortune of $11 billion, the fund could oversee more than $20 billion, which would make it the largest U.S. hedge fund launch in history.