Bloomberg Businessweek

STEVE IS BACK

Cohen was banned from running other people’s money. That’s over, but who wants in?

There’s a low-slung glass and brick building in Stamford, Conn., steps from Long Island Sound, that once housed one of the most successful hedge funds ever. Inside, the halls are still adorned with works by Jeff Koons and Jasper Johns. The trading room—where phones blink instead of ring—is still kept at 69F to keep traders awake. And Steve Cohen still sits in the middle of it, watching the tape and making his bets.

In February the billionaire trader will begin to rebuild his firm, taking in client capital after a two-year ban from managing money for other people. It’s not a banner day for regulators, given that the government

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