More information is coming in about Steven A. Cohen, the hedge funder who is paying the US government $1.8 billion to end its long-running insider trading investigation of him. (No worries — he’ll still have $7.6 billion left.)
An insider who knows that Cohen hasn’t driven a car in 17 years says he brings bodyguards wherever he goes, even at Knicks games. And when Cohen goes to the Hamptons, his chef cooks for 20 people, including some of Cohen’s seven kids.
Cohen was in the running to buy the Los Angeles Dodgers from Frank McCourt two years ago, but backed off because McCourt wasn’t including the valuable acres of parking lots in Chavez Ravine, my source said. Cohen drives a hard bargain.
He also spurned opportunities to buy the Cleveland Browns and the Florida Marlins.
Cohen prefers to invest in contemporary art, some of which he stores in a warehouse in Switzerland.