SAC’s Cohen Buys Picasso’s ‘Le Reve for $155M

March 26 (Bloomberg) -- Steven Cohen, owner of SAC Capital Advisors LP, has bought Pablo Picasso’s "Le Reve" for $155 million from casino owner Steve Wynn, a person familiar with the transaction told Bloomberg News. Betty Liu reports on Bloomberg Television's "In The Loop." (Source: Bloomberg)

Monetary Policy Appears Close to Its Limits, Says Wilson
14:59 - Federal Reserve official Charles Evans has added his voice to forecasts for up to three interest-rate increases by the end of 2017. The bond market shows traders aren’t ready for that many. Chicago Fed President Evans joined San Francisco counterpart John Williams, who last week said he supported one rate move this year and “a few” the next. Domestic growth hasn’t been the Fed’s only consideration in 2016. Concern China’s economy is slowing helped put the Fed off a potential rate increase earlier this year. Goldman Sachs Asset Management Global Head of Fixed Income Andrew Wilson discusses with Mark Barton on "Bloomberg Surveillance."
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