Steve Cohen just took a big step forward in his comeback with a massive new hedge fund

“Many investors who are usually briefed on hedge fund launches say they have yet to hear anything” writes Rachael Levy for Wealthy investors, funds of hedge funds and sovereign wealth funds are the most likely investors in Cohen’s new fund, people in the industry say.Privately, Cohen has expressed doubts about whether he should come out again, a potential investor who also knows Cohen personally said.Cohen’s new fund is arguably one of Wall Street’s most anticipated new launches.Creating a hedge fund would also spread the cost of employees and support staff among other investors — as Point72 is currently managing Cohen’s own money and that of some employees.

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