Steven A. Cohen is plotting a return to hedge funds with a giant number in mind: $20 billion.
The billionaire trader, whose former firm pleaded guilty to criminal insider trading charges less than four years ago, wants to amass that amount as part of a new operation that is likely to launch as soon as early 2018, he and his representatives have said in recent conversations with bankers, colleagues and potential investors.
via Steven Cohen’s Hedge-Fund Comeback Shoots for a Record Target: $20 Billion – WSJ
