Steve Cohen’s new hedge fund is suffering from an unusual level of manager turnover
About 20 portfolio managers have left Steven A. Cohen’s hedge-fund firm this year, including several who worked with Mr. Cohen for more than a decade, according to people familiar with the matter.
It is an unusual level of turnover for Mr. Cohen’s firm and marks the latest developments in the rocky relaunch of his fund. The 63-year-old billionaire investor launched Point72 Asset Management last year after an insider-trading scandal barred him from managing outside money until 2018.
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