这位亿万富豪曾深陷丑闻，复出后越做越大

前公司SAC Capital的内幕交易丑闻使对冲基金亿万富翁史蒂文•科恩遭禁，2018年之前无法管理外部资金。而今，科恩看来不仅要回到对冲基金行业，还要重新登上行业龙头宝座。

《华尔街日报》上周二报道，据称科恩打算设立一只200亿美元的新对冲基金，于2018年初投入运营。报道指出，这不仅超过了他在SAC Capital任职时160亿美元的资产管理峰值，还将成为迄今为止美国对冲基金的最大初始规模。

近几年科恩对重操旧业的问题一直不动声色，而上述融资行为会成为这位60岁投资人回归的最明确信号。SAC Capital于2013年终止运营，此前该公司承认了内幕交易指控并缴纳了18亿美元罚款。美国证监会起诉科恩的理由是他未能约束手下员工。去年科恩与美国证监会达成和解协议，其中一项内容就是禁止科恩管理外部资金。

从那时起，科恩一直通过自己的家族办公室Point72 Asset Management管理着110亿美元资产，其中大多是他的个人资产。但《财富》杂志在最近介绍Point72 Asset Management的情况时指出，有关科恩回归的传闻层出不穷，许多投资者也相信，一有机会科恩就会立刻回到对冲基金行业。

2016年科恩接受《财富》杂志采访时说：“人们总是希望为自己做规划。现在我在家族办公室过得很舒服。至于2018年，到时候我们就会有答案。兵来将挡，水来土掩嘛。”

当时科恩还透露，他间接拥有一只新基金，名为Stamford Harbor Capital。后者最新披露的资产管理规模为1.057亿美元。外界认为Stamford Harbor Capital将成为科恩回归对冲基金领域的跳板。

离2018年还有7个月，而科恩打算从外部融资的消息和Stamford Harbor Capital之前的公告相悖，后者称2018年之前不会做出接受外部资金的决定。

去年10月，Stamford Harbor Capital发言人在一份声明中表示：“虽然Stamford Harbor Capital目前可以管理外部资金，但我们选择不这样做，而且要到2018年再做出相关决定。”

总之，科恩的回归备受期待，投资者希望他能重现昔日辉煌，就像在SAC Capital那样带来29%的年回报率。但Point72 Asset Management的最新业绩很一般。彭博的数据显示，2016年其回报率仅为1%，标普500指数则上涨了9%以上。（财富中文网）

译者：Charlie

Hedge fund billionaire Steven Cohen was banned from managing outside money until 2018 after an insider trading scandal swept through his former firm SAC Capital. Now, Cohen not only appears poised to return to the hedge fund industry, but to resume his place at the top.

Cohen is reportedly seeking to raise $20 billion for a new hedge fund set to open in early 2018, according to the Wall Street Journal Tuesday. That's not only more money than Cohen ever managed at his previous hedge fund SAC Capital, which peaked at $16 billion, it would also represent the biggest U.S. hedge fund launch to date, according to the Journal.

The fundraising would be the surest sign of a comeback for the 60-year-old, who has demurred on questions about a comeback in recent years. SAC Capital shuttered its doors in 2013 after pleading guilty to insider trading charges and paying a $1.8 billion fine. Cohen was barred from managing outsider money as part of a settlement with the Securities and Exchange Commission last year, which had charged the investor with failing to supervise his firm's employees.

Since then, Cohen has been managing mostly his own $11 billion fortune via his family office, Point72 Asset Management. Still, rumors of a comeback have surrounded him, and many investors believe Cohen will return to hedge funds the first chance he gets, Fortune reported in a recent profile of the trader.

"You always want to create options for yourself," Cohen told Fortune in an interview in 2016. "Right now I’m a family office and enjoying it, and 2018, we’ll figure it out when we get there. When we cross that bridge, we’ll get to it."

Cohen also revealed his indirect ownership of a new fund called Stamford Harbor Capital in 2016, which reported about $105.7 million under management in its most recent disclosure. Stamford Harbor is thought to be a precursor to Cohen's return to the hedge-fund world.

Though with seven months to go until the new year, the report that Cohen is seeking to raise outside funds conflicts with previous statements put out by Stamford Harbor, saying the decision to accept outside money would not be made until 2018.

"While Stamford Harbor could currently manage outside money, it has chosen not to do so and instead to defer that decision until 2018," a spokesperson said in a statement back in October.

At any rate, Cohen's return has been highly anticipated, with investors hoping he can replicate his starry past performance of 29% annual returns at SAC Capital. But Point72 Asset Management's most recent returns have been lackluster, gaining just 1% in 2016 as the S&P 500 rose over 9%, according to Bloomberg.