And by everybody, we of course mean the great hedge-fund art collectors, the answer is Miami. First, because it’s a lot less shitty, weather-wise, down there than it is in the greater Greenwich metropolitan area, and second, because it’s Art Basel’s winter sojourn from its namesake city, which is also very, very cold right now.
Among those who are hitting up the fair: Daniel Loeb, Steven A. Cohen and Blackstone Group honcho J. Tomilson Hill, whose Blackstone Alternative Asset Management is a major investor in hedge funds. All three were spotted Tuesday night at art dealer Larry Gagosian’s dinner.
Where Have All the Hedge-Funders Gone? To Miami, Apparently [WSJ MoneyBeat blog]