Saturday, 20 September 2014
Last updated 15 hours ago
May 13 2011 | 12:21pm ET
It's been a good couple of weeks for Steven Cohen, art collector.
The SAC Capital Advisors founder, who gave a rare public interview at the SkyBridge Alternatives Conference in Las Vegas on Wednesday, fetched nearly $50 million for a pair of paintings at two separate auctions.
On Wednesday, his Andy Warhol portrait of Elizabeth Taylor was bought for $26.9 million. A pair of telephone bidders battled over the 1963 silk-screened image of the late actress, who died just days after Cohen consigned the painting to auction.
Last week, a landscape by Maurice de Vlaminck owned by Cohen sold for $22.5 million.
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…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.