Why Steve Cohen's Plans Are Worrying Clients

The video discusses Steve Cohen's potential new fund and the investor concerns surrounding the proposed lock-up period of one to three years. It explores reasons for such a lock-up, including strategic execution and capital commitment. The video also highlights Cohen's flexibility in terms and his fundraising goals, which have been adjusted from earlier targets. Additionally, it covers the fee structure, including a 2.75% fee on assets and up to 30% on profits, and the market's sensitivity to these fees.

What might be the reason for the long lock-up period according to the text?

What fees are associated with the fund, including the lock-up fee?