Pursuits
SAC’s Cohen Art Watched by Hungry Buyers as Trading Probe Grows
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The art world is watching to see the fate of billionaire hedge-fund owner Steven A. Cohen.
Cohen’s $14 billion SAC Capital Advisors LP is facing an insider-trading case. The U.S. Securities and Exchange Commission has told the hedge fund it is considering suing SAC for alleged insider trading. Federal prosecutors have charged Mathew Martoma, a former SAC Capital portfolio manager, and the SEC sued him the same day.