British regulators ban Steve Cohen’s hedge fund
By
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Carleton English
Published
July 6, 2018, 9:51 p.m. ET
Billionaire hedge funder Steve Cohen is getting no love from UK regulators.
Cohen’s Point72 hedge fund has been barred from opening up his fund to British investors by the UK’s Financial Conduct Authority, according to a Financial Times report. The hedgie was deemed not “fit and proper” by the regulators, according to the FT’s sources.
Point72 has an office in London, which opened in 2016 when the fund operated as a family office. The firm converted to a hedge fund in January after a two-year SEC ban on managing outside money ended.
Point72 declined to comment.