(Reuters) Billionaire investor Steven Cohen said that too many hedge funds placing the same types of bets contributed to sharp losses for his $11 billion Point72 Asset Management earlier this year. “One of my biggest worries is that there are so many players out there trying to do similar strategies,” Cohen said Monday, speaking at the Milken Institute Global Conference in Los Angeles.
New Concerns Raised Over Hedge Fund Crowding
This entry was posted in Syndicated. Bookmark the permalink.
