Skip to main content

Steve Cohen’s Breturn Stymied

Tea and sympathy for Point72, but no asset-management license.
  • Author:
  • Updated:
Getty Images

Getty Images

Steve Cohen is a decided Anglophile. Forced to abandon his London outpost amidst the insider-trading unpleasantness of 2013, he pined for Britannia from the tea room of his Greenwich—get it?—mansion, longing for the day when he’d be quaffing warm beer and scarfing down scones with the Royal Family once more. That day came less than two years later, and Point72 wasted little staffing up in Mayfair, preparing for Steve Cohen’s second triumphant return, the one next year to managing outside money. A lot of outside money. Hopefully some of it in the U.K.

Even in the face of Brexit, Cohen and Point72 remained loyal to the crown. But has their loyalty been repaid? Has it hell.

Point72, which manages about $11bn of Mr Cohen’s personal fortune, has been told in recent months that it would not receive regulatory approval in the UK by the Financial Conduct Authority, said people with knowledge of the situation….

Family offices are allowed to trade in the UK without the FCA’s blessing, but must be approved to oversee anyone else’s money. According to regulatory lawyers, family offices may also need FCA approval in order to implement certain changes to the way a fund is structured.

Steven Cohen’s Point72 faces regulatory rebuff in UK [FT]



FYI: Steve Cohen Is Still Steve Cohen

Black or otherwise, the Big Guy’s still got an edge.


Steve Cohen Commissioning Super Duper Sushi Truck

The Point72 chief needs an appropriate way to celebrate all of the money he’s going to make in Japan.


Selling Steve Cohen

“Yea, about that headline/lawsuit/etc.”

Getty Images

Steve Cohen Knew This Whole Comeback Thing Was A Mistake

Now you do, too, although you don’t get 2.75% of $5 billion just for showing up.

Getty Images

Steve Cohen Needs Some Big Returns For Hannukah

Until then, if you’re a portfolio manager at Point72, stay away from him while he’s lighting those candles.

Getty Images

Ken Griffin Is Triggering Steve Cohen

The Citadel chief is paying through the nose to keep Point72’s talent problem alive and well.


Steve Cohen’s Love Of Tea, Crumpets Will Not Be Denied

Or it will be and he’ll be left with a lot of room for tea parties.