Skip to main content

Sources: Steve Cohen Wasn't Completely Enamored With Attempts To Ban Him From Managing Client Money For Life

  • Author:
  • Updated:

The SEC's tack angered the SAC chief, the people close to the firm said. The billionaire hedge-fund manager has been discussing plans to move forward with his business, even as the government has stepped up its scrutiny...Even so, Mr. Cohen has said privately that he believes he can raise new money from wealthy individuals, the people said. While institutions have pulled money, some wealthy individual SAC clients have stuck by the firm, according to people with knowledge of the matter. [WSJ]