GASPARINO: Steve Cohen May Have Screwed Himself With His In-Your-Face Art Purchase

Back in March, hedge fund manager Steve Cohen had a huge week of exorbitant purchases, spending over $200 million on art and real estate.

At the time it was seen as a real insult to investigators, who have been circling around him for a while.

So did he screw himself?

In a series of tweets, Charlie Gasparino says that SAC insiders thought there would be a deal to put troubles behind the company, but that the art purchase may have blown that up.

Screen Shot 2013 05 20 at 7.12.06 AM

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at