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

Q&A: High Conviction, Low Correlation

Oct 30 2014 | 7:35am ET

Acadian Asset Management's numbers are big: over $70 billion in assets under management...

Lifestyle

Ex-Hedgie Steyer Gives $56M To Climate Action Super PAC

Oct 28 2014 | 9:23am ET

Retired Farallon Capital founder Tom Steyer has poured almost $56 million into his...

Guest Contributor

Hedge Funds Weather A Data Management Perfect Storm

Oct 22 2014 | 12:28pm ET

From a regulatory standpoint, nearly every development since the crisis has placed...

 

Videos

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

October 2014 Cover

The yield curve and stock market response

Traders form habits quickly. Understanding these and their effects can better equip us to decipher actual market moves.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.