Tag: art

Hedge Fund Manager Ken Griffin Donates $40M to MoMA


Billionaire Hedge Fund Manager Ken Griffin Donates $40M to MoMA. Philanthropist and collector hedge fund manager Ken Griffin—the founder of Citadel, a Chicago-based hedge fund—is donating forty million dollars to New York’s Museum of Modern Art. It’s one of the biggest…

Top Hedge Funds In Bid to Shape Up Sotheby’s Auction


Global art auctioneer Sotheby’s BID +1.98% announced that its board of directors would review its capital allocation and financial policies, with results expected in early 2014.
The company hinted it may take actions that could mean bigger payouts to shareholders via share buybacks or dividends.

Richard Mick McGuire Marcato Capital Management
The announcement comes after activist hedge fund manager Richard McGuire’s Marcato Capital Management LLC boosted its stake in the company over the summer to 6.7%, according to an Aug. 29 filing, making it the second-largest shareholder in Sotheby’s.

Steve Cohen Buys Picasso Le Reve for $155 Million


Hedge fund hot shot  Steve Cohen is paying $155 Million for Picasso “Le Reve” for S. Wynn. The painting is the one that casino magnate Stephen A. Wynn accidentally — and famously — damaged with his elbow. A renowned art…

Hedgie Spent $25 Million On New Painting?

Steve Cohen Out Art Shopping View Billionaire Hedgie Steve Cohen’s Impressive Art Collection A Gerhard Richter painting with a price of between $20 million and $25 million led sales at the world’s biggest fair of modern and contemporary art where…