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Topic - Steven A. Cohen
A billionaire hedge fund manager set a record in the art world by purchasing Picasso's Le Rêve for $155 million — $16 million more than he first agreed to pay right before its previous owner tore a hole in it with his elbow, The Daily Mail reports.
The federal government has cleared VeriSign Inc. to manage the databases that house ".com" domain names for another six years, but the company won't be allowed to raise prices without approval.
A former hedge fund portfolio manager accused of enabling a quarter of a billion dollars in profits by passing along inside information in one of the largest insider trading fraud cases in history appeared in a Manhattan court for the first time Monday and was released on $5 million bail, though his movements were restricted.
A former hedge fund portfolio manager was arrested Tuesday in what prosecutors called perhaps the most lucrative insider trading scheme of all time _ an arrangement to obtain secret, advance results of tests on an experimental Alzheimer's drug that netted more than $276 million for his fund and others.