Steven Cohen, the self-pitying billionaire hedge fund titan who enriched himself through insider trading, has an expensive new toy.

Asha Rajaratnam, the wife of accused insider-trading mastermind Raj Rajaratnam, is prepared to defend her man. And she isn't afraid to get physical, as she demonstrated earlier today when the couple left Town on West 56th Street and found themselves swarmed by photographers. [via DB]

It was less than a month ago that billionaire hedge fund manager (and occasional talk show guest) Steve Cohen was slapped with a lawsuit by his first wife, Patricia Cohen, claiming Stevie had hid millions of dollars from her when the couple split up (not to mention engaged in insider trading, set up a racketeering…

It's been a crappy week for Raj Rajaratnam, the hedge funder accused of masterminding an insider trading ring. But at least he isn't facing justice in his native Sri Lanka! [The Lede]

Raj Rajaratnam, the hedge fund billionaire (and dwarf enthusiast) accused of insider trading, has even more legal trouble on his hands today. Prosecutors say they plan to tack on another bunch of charges to their original indictment, a move that could increase Rajaratnam's prison sentence to 15 years (or more) if…

Hedge fund manager David Tepper is a rare breed. Not only did he earn $2.5 billion in 2009 while many of his peers just struggled to keep their heads above water, he still lives in the same New Jersey home he and his wife have occupied since 1990, he's yet to buy a vacation home, and he still sends his kids to public…

Raj Rajaratnam, the hedge fund billionaire who stands accused of masterminding a massive insider trading ring, was incredibly competitive and a ruthless boss. Of course you sort of have to be if you're planning to claw your way up to the top of the hedge fund pyramid. But it turns out he was a pretty wacky boss, too,…

Steve A. Cohen is the billionaire hedge fund manager who almost never talks to the press, very rarely appears in public, and does his utmost to keep himself out of the public eye. But he wasn't always that way! Last week, Cohen's first wife slapped him with a $300 million lawsuit, claiming he'd set up an elaborate…

That salacious lawsuit filed against SAC Capital by a former trader at the mega-hedge fund was just the tip of the iceberg. Steve A. Cohen, SAC's super-secretive founder, now has an even more embarrassing legal mess on his hands. Cohen's first wife, Patricia, whom he divorced in 1988, has filed a $300 million lawsuit…

Ever since Raj Rajaratnam was arrested in October for allegedly operating a vast insider trading ring, lawyers for the hedge fund founder have been busy pointing out flaws in the government's case. Now they'll get to see how it plays with a jury. A federal grand jury formally charged Rajaratnam with five counts of…

If you're looking to pick up a tiny apartment—or you're interested in rubbing shoulders with one of the city's most prominent hedge funders—keep in mind that Bill Ackman will be personally auctioning off the 322-square-foot guest suite/maid's residence he owns at The Majestic tonight. The show kicks off at 8pm and…

Hedge fund kingpin and mega-art collector Steve Cohen should be chilling out at Art Basel Miami right about now, eyeing the overpriced artwork he plans to add to the ridiculous $700 million collection that sits inside his ridiculous Greenwich compound. But it's unlikely the billionaire hedge funder is having a very…

Back in September, we reported that Dan Loeb had been sued by the moving company that helped the hedge fund tycoon and his wife settle into their $45 million apartment at 15 Central Park West. The Observer has a follow-up to the story and reports the suit has been settled. The prickly financier agreed to pay $82,500…

The growing insider trading scandal involving hedge funds has made its way to the offices of SAC Capital, the firm founded by one of the industry's most powerful figures, Zamboni-loving billionaire Steve Cohen. One of the 14 new defendants charged today, Richard Choo Beng Lee, seems to have started his crime spree…

Whether or not hedge fund billionaire Julian Robertson was a resident of New York City way back in 2000 may seem like a trivial question. Unless, that is, you work for the New York State Department of Taxation and Finance and you're arguing he did spend the majority of his time in NYC that year and you'd like to see…

Billionaire hedge funder Raj Rajaratnam was arrested on Friday morning on charges he participated in one of the biggest insider trading schemes in recent memory, one that netted him at least $25 million (but possibly millions more since the investigation continues.) Fortunately for Rajaratnam, the high-profile bust…

Raj Rajaratnam, the founder of the $7 billion hedge fund Galleon Group, the 551st richest man in the world according to Forbes, and America's one and only Sri Lankan billionaire, has been arrested and charged for taking part in a $20 million insider-trading scheme. [NYT, WSJ]

Hedge fund mogul Dan Loeb paid $45 million for one of the city's poshest apartments last year, a 10,000-square-foot penthouse at 15 Central Park West. His move-in, however, didn't go so smoothly, it seems. It's unclear what took place precisely, but the moving company that Loeb and his wife Margaret hired to help…

Don't be shocked if you notice what has been an endangered species until recently—the elusive banquette-dancing, champagne-swilling hedge funder—make a comeback in the coming months. Hedge funds "had nearly $20 billion pour into their coffers last month, as investors flocked back amid revived market optimism." Or…