Point72 Asset Management CEO Steve Cohen has formed a new fund that may be able to accept outside capital.
Stamford Harbor Funds will "initially invest primarily in non-public, restricted and illiquid securities," according to an SEC filing. The document also states that Cohen indirectly owns more than 25 percent of Stamford Harbor Capital but will not be supervising its activities.
The Securities and Exchange Commission had previously alleged that Cohen failed to properly monitor a former portfolio manager who was convicted of insider trading. In January, the SEC accepted a settlement offer from Cohen in which he neither admitted nor denied the charges. The settlement also banned him from supervising funds that manage outside money until 2018.