Saturday, 30 August 2014
Last updated 20 hours ago
Jun 23 2010 | 1:15pm ET
SAC Capital Advisors founder Steven Cohen is one of the 10 most active art collectors in the world, according ARTNews’ annual survey.
Cohen’s inclusion on the list comes after he and his wife, Alexandra, suffered something of a disappointment in London yesterday, as a rare Édouard Manet self-portrait owned by the couple sold for its low estimate. While the painting—one of only two Manet self-portraits—set a record at auction for a Manet canvas at £22.4 million (US$33.2 million), Sotheby’s had hoped that the painting could go for more than US$40 million.
The painting went to New York gallery owner Franck Giraud, who submitted the only bid.
In addition to the Cohens, only one other alternative investment tycoon made the ARTNews list: Apollo Management founder Leon Black. The top 10 were not ranked.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...