Over the past year, hedge fund honcho Steve Cohen has shelled out $150 million for a Picasso, $60 million for an East Hampton estate and $616 million to get the Securities and Exchange Commission off his back. Now, it looks like he wants to get a little bit back—$115 million, to be exact.
Via our friends at Real Estalker comes word that Mr. Cohen’s 9,000-square foot spread at One Beacon Court, the residential portion of the Bloomberg Tower at 151 East 58th Street, has officially hit the market. Mr. Cohen and his brokers—Deborah Grubman and David Dubin at Corcoran—are hoping to knock reigning real champion 15 Central Park West out of the park and set a New York City record.
But with no outdoor space, three blocks between the building and the park and nowhere near the name recognition of 15 Central Park West, can Mr. Cohen’s 51st-story duplex do it? (Even if it can’t, he only paid $24 million for the apartment back in 2005, so he’ll come out ahead either way.)
Up & Down the Street
Like sands through the hourglass, these are the days of our lives. Is that show even on TV anymore? And if it is, are Bo and Hope still together? (Note to self: ask Mom.) Meanwhile, on to another long-running melodrama, the madcap saga we call the market. Where will the Street lead us in 2013? Read More
Managers at several high-profile hedge funds met with Republicans Monday night to draw up some strategy ideas for the upcoming midterm elections, according to a report by wordily-named hedge fund trade mag AR: Absolute Return + Alpha.
Citing a “person familiar with the event,” AR says SAC Capital Advisors’ Steve Cohen convened the meeting at Read More
Don’t trust the iconic hedge fund manager Steven A. Cohen when he seems “distraught,” his ex-wife Patricia advises in her latest lawsuit against no. 113 on this year’s Forbes billionaires list.
The suit, made public yesterday, is Ms. Cohen’s third attempt in the last year to sue Mr. Cohen — from whom she separated Read More
In the last seven days, the deluge of new Wall Street scandals has been constant, fascinating and incredibly confusing. Helpfully, one tie that binds is that nearly every major accusation has been accompanied by denials from the accused, but beyond that things can get confusing. What’s the Read More
The covers of the Wall Street Journal and the New York Times‘ business section today both have huge stories on Wall Street pay. And they look very different.
The Times story, “Pay of Hedge Fund Managers Roared Back Last Year,” says that the country’s top 25 hedge fund managers made $25.3 billion last year, Read More
Barack Obama, in a somewhat unusual move, just released a statement about a Democratic primary in Tennessee that has become particularly charged, although he mentions neither candidate by name: Statement of Senator Barack Obama on Tennessee’s 9th Congressional District primary
“These incendiary and personal attacks have no place in our politics, Read More
If you thought the racially tinged opposition to the 2006 congressional bid of David Yassky was rough, check out this ad attacking freshman Representative Steve Cohen of Tennessee.
The ad is ostensibly about prayer in school, but as Ben Smith notes, there’s there’s probably a little more to it than that.
Harold Ford gave up his safe U.S. House seat to run for the Senate this year, a gamble that now appears on the verge of failing. But even in defeat, he might enjoy an option that many similar ex-House members don’t: the chance to reclaim his seat almost immediately.
That’s because Steve Cohen, the Democrat Read More
The dissolution of the marriage between investor and art collector Adam Lindemann and his socialite wife, Elizabeth, has already played out in the gossip columns.
The next bit of tidying-up: the prewar co-op the couple shared at 730 Park Avenue. During the first week of 2006, Serena Boardman and Brucie Boalt, of Sotheby’s International Realty, Read More