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Steve Cohen’s Point72 Weighs Limit on Investor Redemptions

Steve Cohen

Steve Cohen

Photographer: Alejandra Villa Loarca/Newsday/Getty Images

Steve Cohen’s Point72 Asset Management is considering putting a gate on investor cash to lock up client capital for longer, emulating other big hedge funds.

The firm is discussing limiting collective client withdrawals to 8.3% per quarter, according to people with knowledge of the matter. Until now, there have been no limits on fund-level redemptions. Point72 had $26 billion under management as of July.