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Nir Kaissar

Steven Cohen's Dubious Rerun

Fund size would get in the way of repeating history.
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Photographer: Simon Dawson/Bloomberg

Don’t call it a comeback just yet.

As Bloomberg News reported on Tuesday, hedge fund manager Steven A. Cohen is preparing to raise as much as $10 billion from outside investors in 2018 for a new fund. Combined with his personal fortune of $11 billion, the fund could oversee more than $20 billion, which would make it the largest U.S. hedge fund launch in history.