Billionaire investor Steven Cohen has seen his return to managing investors' money in the UK blocked by the country's financial regulator — potentially scuppering one of London's biggest hedge fund launches of recent years. Cohen was banned from managing third-party funds in 2014 following an insider trading scandal at his former firm SAC Capital, but these restrictions were lifted in January. His...
One of the most eagerly anticipated returns to London 's hedge fund sector has stalled with the UK Financial Conduct Authority ( FCA ) preventing billionaire Steven Cohen from opening his latest venture . The FCA has given no public reason for blocking Cohen Capital London . Cohen was banned from the UK in 2012 after an insider trading scandal involving his former company SAC Capital . The ban was lifted in January this year .