May
30
As Point72 Returns Flatline, Cohen Eyes $20 Billion for Fund
By-
Cohen’s family office has made no money this year, people say
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The new fund would raise about half the money from outsiders
Steve Cohen’s Point72 Asset Management has made no money this year and barely posted a gain in 2016. Even so, he’s set an audacious goal: raising close to $10 billion in outside capital next year.
Cohen plans to combine the new money with most of his family war chest of $11 billion, bringing the total to about $20 billion, according to people familiar with his family office. If successful, it would be the biggest hedge fund launch ever and the billionaire would manage more money than he did at his peak…
As Point72 Returns Flatline, Cohen Eyes $20 Billion for Fund
