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Billionaire hedge funder Steve Cohen is getting no love from UK regulators.

Cohen’s Point72 hedge fund has been barred from opening up his fund to British investors by the UK’s Financial Conduct Authority, according to a Financial Times report. The hedgie was deemed not “fit and proper” by the regulators, according to the FT’s sources.

The article goes on to state the following:

Point72 has an office in London, which opened in 2016 when the fund operated as a family office. The firm converted to a hedge fund in January after a two-year SEC ban on managing outside money ended.

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