The Real Deal New York

Hedge fund king’s homebuying spree sets tongues wagging

Why is SAC's Steve Cohen gobbling up NYC's glitziest real estate?
By Guelda Voien | August 07, 2013 10:30AM

From the August issue: SAC Capital Advisors founder Steven Cohen is at the center of one of the biggest insider-trading cases ever. And the 57-year-old hedge-fund king — reports put his worth at $8 billion to $9 billion — is also making history in the real estate market.

In March, the same month his now-notorious firm agreed to pay a $616 million fine for insider trading, Cohen bought a seven-acre property at 52 Further Lane in East Hampton for $60 million, one of the highest home prices ever paid on the East End. [more]