Cohen ‘Furious’ Apartment Hasn’t Sold

May 12 2014 | 12:34pm ET

Steven Cohen’s Manhattan penthouse has been on the market for more than a year, and the former hedge fund manager isn’t happy about it.

Cohen listed the 10,000-square-foot duplex, in the Bloomberg Tower on Manhattan’s East Side, early last year, seeking $115 million. In January, he cut the price to $98 million—but it still hasn’t attracted a buyer.

Cohen, who transformed his SAC Capital Advisors into a family office called Point72 Asset Management earlier this year, after SAC pleaded guilty to insider charges last year, “blames his broker,” Deborah Grubman of The Corcoran Group, the New York Post reports. “Furious is not the word. He’s had enough.”

Cohen paid just $24 million for the apartment, which features 24-foot windows overlooking Central Park and lower Manhattan, in 2005. The pad was designed by famed modernist architect Charles Gwathmey and has four bedrooms and five-and-a-half bathrooms.


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

Demeter: Family affair

David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.

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.