Cohen Clarifies $150M Picasso Buy

Apr 5 2013 | 10:27am ET

SAC Capital Advisors founder Steven Cohen moved this week to elaborate on his purchase of a famed Pablo Picasso painting for a record price.

Cohen didn't buy the Picasso as his firm's $616 million settlement was being negotiated or in its immediate aftermath, his art adviser said, but in early November, prior to the arrest of former SAC portfolio manager Mathew Martoma on insider-trading charges and the Securities and Exchange Commission's lawsuit against the firm.


In Depth

Fund Focus: Don’t Call K1T Capital A ‘Trend Follower’

Jul 10 2014 | 10:39am ET

You may call K1T Capital many things—systematic, quant-based, hedge fund—but...

Lifestyle

RenTech Founder Donation Establishes Quantitative Biology Institute

Jul 8 2014 | 5:19am ET

James Simons used math to make his fortune, and he’s dedicating some of it to...

Guest Contributor

As Hedge Funds Go Retail, Communications Is Key

Jul 2 2014 | 6:56am ET

The past two years have seen an explosion in the number of hedge fund managers rolling...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Service Providers


Publisher's Note