Hedge Fund News From HedgeCo.Net

Steve Cohen’s New Hedge Fund Could Have a Lockup of Up to Three Years

(Bloomberg) With just three weeks until regulators permit billionaire Steve Cohen to resume taking investor money, his new hedge fund plans are making some potential clients wary. The terms being discussed for Cohen’s new fund — which he could launch as soon as Jan. 1, when his ban on trading outside money expires — include locking up capital for one to three years, according to people familiar with the matter.

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