Steven Cohen Cuts His Stake in Metro Bank for Third Time
- Cohen remains lender’s biggest shareholder despite disposals
- Meanwhile, Colombian billionaire becomes major Metro investor
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The private investment vehicle of billionaire hedge fund manager Steven Cohen has cut its stake in Metro Bank Plc for the third time in less than a week.
Cohen Private Ventures reduced its holding in Metro from 7.7% to 6.5% last week, according to a U.K. regulatory filing. The Connecticut-based tycoon’s vehicle remains the biggest investor in Metro, although its holding has dwindled from almost 10%.