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Exclusive: Steve Cohen’s fund to get into reinsurance business

Reuters – Steven A. Cohen, who built one of the world’s biggest and most successful hedge funds, is branching out and plans to set up his own reinsurance firm, two people familiar with the matter said.

Cohen, who runs $14 billion SAC Capital Advisors in Stamford, Connecticut, recently told investors he plans to launch SAC Re, a reinsurer based in Bermuda, early next year.

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