Greenwich Hedge Fund Billionaire Makes Waves In The Hamptons

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Embattled Greenwich hedge fund billionaire Steven A. Cohen made waves last year in the Hamptons when he paid more than $60 million for a mansion.

Now, Cohen is making waves again, this time as he seeks to dump the estate, The New York Observer reports:

Less than a year after buying 52 Further Lane, one of East Hampton’s most opulent estates, embattled hedge fund billionaire Steven A. Cohen is quietly trying to offload the oceanfront mansion…The Greenwich, Conn. resident shocked the Hamptons last spring when he paid $62.5 million for the home of late banker Robert McKeon.

Read the entire Observer story

[Update: After I linked to the Observer story, a spokesman for Mr. Cohen contacted me to dispute the story. Jonathan Gasthalter told me, "As we made clear to the Observer, neither property is for sale."

Here is the Observer's update to the story:

Update: After this story was published, two of Mr. Cohen’s representatives reached out to The Observer to dispute its veracity. The reporter reconfirmed with her sources the disputed elements and shared that evidence with The Observer. Told of this, a spokesman for Mr. Cohen replied, “As we made clear to The Observer, neither property is for sale. The outrageous remark attributed to Mr. Cohen is absolutely fabricated, false and despicable.”]





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