(Bloomberg) Steve Cohen’s Point72 Asset Management has been blocked by the U.K. regulator from opening his hedge fund in Britain, a setback for the billionaire in one of the world’s largest investment hubs, according to a person with knowledge of the matter. The Financial Conduct Authority took the step because it deemed Cohen isn’t a fit and proper person, the person said, asking not to be identified because he wasn’t authorized to speak on the matter. Spokesmen for the FCA and Point72 declined to comment. The Financial Times reported the news earlier.
Cohen Faces U.K. Setback as FCA Blocks Point72 Opening
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