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.
"The SEC granted registration to Stamford Harbor Capital L.P. Steve Cohen owns the entity, but consistent with his January agreement with the SEC, he will not supervise the activities of anyone acting on its behalf," Jonathan Gasthalter, a spokesman for Stamford Harbor, told CNBC.
"No decision has been made on whether Stamford Harbor will seek or accept outside capital," Gasthalter added.
According to the filing, Stamford Harbor does not currently have any assets under management.
Bloomberg first reported that this new firm could help Cohen by preparing a roster of traders that would be ready to go when his SEC ban expires.
The SEC declined to comment.
— CNBC's Jim Forkin contributed to this report.