Hedge fund investors divided on SAC probe
SAC hopes to put an insider trading probe by the US Securities and Exchange Commission behind it after agreeing to pay a record fine, but hurdles still remain
In March, Steven Cohen set a record in the art world when he paid $155 million for ‘Le Rêve’, Pablo Picasso’s portrait of his muse and mistress Marie-Thérèse Walter.
‘Le Rêve’ fetched the highest price ever for a Picasso even though it was badly damaged in 2006 when its former owner, the casino magnate Steve Wynn, accidentally put his elbow through the canvas. By all accounts the painting was expertly repaired and the mishap did not diminish its value.
Cohen hopes investors will feel the same way
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