Area List-Maker Too Good For Steve Cohen

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Yesterday we highlighted a group of people who, despite all that has gone down, still love and appreciate Steve Cohen: the brothers of the University of Pennsylvania chapter of Zeta Beta Tau. Today, on the flip side, you've got this guy:

Steven a. Cohen, whose Stamford, Connecticut-based SAC Capital Advisors LP pleaded guilty on Nov. 8 to securities fraud and agreed to pay $1.8 billion to settle insider-trading charges with U.S. prosecutors, is absent from Art & Auction magazine’s Power 100 list for the second straight year. Cohen, 57, this month sold at least $77 million of art at Sotheby’s, including Gerhard Richter’s 1986 abstract painting “A.B. Courbet,” which went for $26.5 million. “He’s not on the list because he’s de-accessioning,” Benjamin Genocchio, editor-in-chief of Art & Auction, said in a telephone interview. “He switched gears in the last few months and turned from being an acquirer to being a seller.”

Bloomberg Brief: Hedge Funds [Bloomberg]
Earlier: Someone Still Loves Steve Cohen

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