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...Steven Cohen, the billionaire hedge fund manager who is also one of the world’s biggest art collectors, has solidified his ties with Sotheby’s, with plans to exhibit his artworks in New York after lifting...
...But in an illustration of the far-ranging impact of Mr Madoff’s alleged fraud the foundation, which last year received $100,000 from Steven Spielberg’s Wunderkinder Foundation, has lost an undisclosed sum...
...As details begin to emerge of a “Ponzi scheme” that is alleged to have swindled up to $50bn (£33bn, €36bn) from investors ranging from HSBC, the giant UK bank, to the charity of Steven Spielberg, the film...
...Additional reporting by Deborah Brewster...
...Zurich Investments paid $2bn for fund unit Kemper in 1996, and $1.7bn for Scudder Stevens and Clark in 1997. Four years later, it sold them both together to Deutsche Bank for $2.5bn....
...Bob Reynolds, who was chief operating officer, and Steven Jonas, who headed the mutual fund division, have both left in recent months....
...Steven Cohen, the founder of SAC Capital and an ardent collector, recently undertook to buy a Picasso from casino operator Steve Wynn, reportedly for $139m, although the sale was cancelled after Mr Wynn...
...Steven Howard, a partner at law firm Thacher Proffitt, said there would be many more such deals. “The investment banks feel they are being left behind.”...
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