SAC's Cohen cuts price on apartment

The hedge fund billionaire and trader Steven A. Cohen has bought and sold many things: stocks and bonds, modern art and sprawling real estate.

But lately, the founder of SAC Capital Advisors appears to be doing more selling than buying.

The New York Times reports that one of his holdings that he recently put up for sale, a multimillion-dollar luxury duplex in Manhattan, has not gone easily. Cohen has slashed $17m off the price of the One Beacon Court apartment, which was listed on the market in the spring. It is now on sale for $98m.

The four-bedroom, five-and-a-half bathroom apartment, which has expansive views of Central Park and has Venetian plaster walls and stainless steel surfaces, was designed by the Modernist architect Charles Gwathmey.

The residential and commercial building also boasts Beyonce as a resident, and Bloomberg L.P.

To access the complete New York Times article hit the link below:

Steven Cohen Cuts Price on N.Y. Apartment, to $98 Million

Markets Buoyant, Merger Activity Picks Up

image: © Valerie Everett

JefferiesAnd the Best Place to Work in the global financial markets 2017 is...

Register for Financial Markets News Alerts