Steve Cohen Preparing For Black Friday-esque Mob On Jan. 1, 2018

Who wants a piece of Stamford Habor?
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By Rhett Maxwell ("orange and blue") [CC BY 2.0], via Wikimedia Commons

via Wikimedia Commons

While the tourists and suckers ring in 2018 35 miles to the southwest, a crowd of besuited and discerning hedge fund investors will be lining Cummings Point Road, shivering both from the frigid winds whipping in from the Long Island Sound and from excitement, staving off frostbite beside the steaming vats of hot dog water (and hot dogs, if there are any left) at the Super Duper Weenie truck. Tough Mudder-style, they’ll each have a number scrawled across their forehead, which is the order in which—at 11:45 p.m. exactly, they’ll begin wailing away at the Preet Bharara piñata hanging in the lobby. He or she who breaks the papier mâché U.S. Attorney will be rewarded not just with the much-needed Stamford Harbor Capital fleece contained therein, but with the opportunity to award the liberated Steve Cohen with his first eight- or nine-figure check since The Unpleasantness. The rest will have to scratch and claw their way through the others in hopes of getting a few ducats in before the fund is closed and the disappointed are sent back out into the cold, empty-handed, losers in Donald Trump’s America.

Stamford Harbor Capital, the new firm started by Steven Cohen and led by a longtime deputy, is working with a third-party marketing company that’s meeting with potential clients to gauge interest in investment vehicles that could be started as soon as 2018. Stamford Harbor has engaged a fundraising firm founded by Douglas Blagdon, who was global head of marketing and investor relations at Cohen’s former hedge fund, SAC Capital Advisors, according to a person with knowledge of the matter. Blagdon, whose firm was hired earlier this year, has been meeting with investors to discuss the hypothetical terms they would seek for an allocation to Stamford Harbor, said the person, who asked not to be named because the information is private.

Cohen’s New Firm Said to Meet With Investors Ahead of 2018 [Bloomberg]

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