SAC’s Cohen Poised for Hedge Fund Return Under Deal With SEC

Steven A. Cohen is poised to make a return to the hedge-fund industry by 2018 under an accord with U.S. regulators that settles allegations that the billionaire failed to supervise a convicted insider-trader at SAC Capital Advisors LLC (In re Cohen, SEC, Admin. Proc. File No. 3-15382, order 1/8/16).

The settlement requires that the family office Cohen now runs, Point72 Asset Management LP, undergo routine inspections by the Securities and Exchange Commission, the regulator said in a statement Jan. 8.

Cohen neither admitted nor denied the SEC claims that he failed to monitor Mathew Martoma, according to ...