Steven Cohen considers London return

London At Night

Hedge fund billionaire Steve Cohen is considering a return to London after beating a retreat from the UK in the midst of an insider-trading probe 18 months ago.

The New York Post reports that in November 2013, a month after shuttering the London office of Cohen’s SAC Capital Advisors, the firm pleaded guilty to fraud charges and paid a $1.8bn fine — the largest penalty ever for insider trading.

SAC then changed its name to Point72 Asset Management and stopped managing money for outside investors.

To access the complete New York Post article hit the link below:

Steve Cohen considers reopening London office

America’s best brokers are far from Wall Street

JefferiesAnd the Best Place to Work in the global financial markets 2016 is...

Register for Financial Markets News Alerts