Cohen Takes In Dodgers Spring Game As Decision Looms

Mar 12 2012 | 12:37pm ET

SAC Capital Advisors founder Steven Cohen took some time on Saturday to do some on-the-ground due diligence in Arizona about a major potential investment.

The hedge fund billionaire was treated to a tour of the Los Angeles Dodgers' spring-training home outside of Phoenix, Camelback Ranch, prior to the Dodgers' exhibition game against the Chicago White Sox.

Cohen was shown around the facility, in Glendale, by Dodgers vice chairman Jeff Ingram and chief revenue officer Michael Young. The tour comes just days before Cohen and the six other bidders for the Dodgers are due to make their latest bids, and Major League Baseball begins interviewing the groups.

Cohen is believed to be one of three favorites to buy the Dodgers, and, with a personal fortune in excess of $9 billion, is thought to be one of two bidders who could pay cash for the team.

Current Dodgers owner Frank McCourt is set to choose a new owner for the team by the beginning of next month. Last month, Cohen bought a 4% stake in his favorite team, the New York Mets, an interest he'll have to sell if he wins the Dodgers.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...