Industry News

Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

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Steve Cohen Reportedly Buys NYC Condo

Jul 14, 2013
Jing Chen

Hedge fund manager Steve Cohen may be the new owner of a sprawling triplex in Manhattan's West Village neighborhood.

The New York Times reported that there is "credible evidence" that Cohen, the founder of Connecticut-based SAC Capital Advisors, bough the luxury 9,600-square-foot condominium for $23,419,750.

Cohen already owns a slew of properties, including a $60 million oceanfront estate in East
Hampton, a $30 million property in Greenwich, Conn., and another Manhattan apartment.

SAC, which manages about $15 billion in assets, is in the middle of an insider trading probe by the government. 

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