Lifestyle

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: MackeyRMS's Chris Mackey On A High Tech Fix To Broker Votes

Jun 23 2017 | 8:17pm ET

The looming implementation of the EU’s MiFID II rules regarding research has put...

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...

 
Error

From the current issue of