Steve Cohen Just Took A Big Step Forward In His Comeback With A Massive New Hedge Fund

Point72Steve Cohen, the billionaire hedge-fund manager briefly banned from the industry after an insider-trading investigation, this week sent investors documents pitching his new fund, Stamford Harbor Capital, a person who has reviewed the deck told Business Insider.The pitch is the latest move cementing the controversial billionaire's return to managing money.Investors will have to agree to steep terms to put their money with the famed investor — including a minimum investment of $100 million and an annual management fee of over 2.5% of those assets — this person said, asking not to be identified discussing private information.