Book Says Cohen Paid $100K For Personal 'Diners, Drive-Ins and Dives' Tour

Oct 22 2013 | 9:44am ET

SAC Capital Advisors founder Steven Cohen's tastes apparently run the gamut, from Picasso and Van Gogh all the way down to diners, drive-ins and dives, according to a new book.

Long before his current troubles with insider-trading charges, Cohen paid Food Network star Guy Fieri $100,000 "to be his friend for a day," Allen Salkin writes in From Scratch: Inside the Food Network. And on that day, Cohen and the spiky-haired California restaurateur drove around Connecticut in something like a fantasy episode of Fieri's "Diners, Drive-Ins and Dives."

Fieri was apparently impressed, and featured Super Duper Weenie, Cohen's favorite hot-dog stand, in a 2009 episode of the show. According to Salkin, Cohen and Fieri's friendship lasted beyond the payday.

A Cohen representative told the New York Post that, while the hedge fund manager and fast-food connoisseur do know each other, the story as told by Salkin "is false."


In Depth

Q&A: Old Hill's Stone On Private Debt, P2P And Credit Bubbles

Jun 6 2017 | 7:52pm ET

While institutional capital continues to flow into the broader private debt sector...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: Asia-Focused Hedge Funds Offer Great Opportunities

Jun 23 2017 | 3:33pm ET

Emerging market strategies have outperformed their developed-market peers for five...

 

From the current issue of