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Steven Cohen firm bans some instant messaging

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Point72 Asset Management LP, Steven A. Cohen’s family office and successor to his hedge-fund firm SAC Capital Advisors LP, is banning some of its employees from using instant messaging for external communication after last year agreeing to settle insider trading allegations.

The top 10 hedge funds by assets

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In the nearly $3 trillion hedge fund universe, the rich keep getting richer and the big keep getting bigger, according to Institutional Investor's Alpha Hedge Fund 100 list.

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