Banned Hedge Fund Manager Steven Cohen Is Back - And Investors Are Wary

``Cohen was banned for two years from running a hedge fund after an investor at his firm used illegal trading methods. S.A.C. Capital also paid $1.6 billion in fines and penalties after pleading guilty to securities exchange fraud... sources say that Cohen has only funded his [new] firm at less than half of the $11 billion he hoped for. "There's a lot of noise and high fees," said Richard C. Wilson, who runs financial management firms. "If they haven't invested with him before, I don't think a lot of them will be clamoring to go in."'''