Cohen’s New Firm to Defer Decision on Capital Raising Until 2018
- Stamford Harbor is led by one of Cohen’s longtime deputies
- Cohen made SEC deal that allows him to manage outside capital
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Stamford Harbor Capital, the investment firm set up by billionaire Steven A. Cohen, said it will defer a decision to 2018 on whether it will raise money from outside clients.
“While Stamford Harbor could currently manage outside money, it has chosen not to do so and instead to defer that decision until 2018, assuming the firm continues to fully comply with all of the terms of the recent SEC settlement,” company spokesman Jonathan Gasthalter said in an e-mailed statement.