Embattled hedge-fund manager Steve Cohen's ex-wife has pulled a do-over on her vengeful attempt to ruin him: After withdrawing a lawsuit accusing him of insider trading back in the 1980s, she's filed a new one seeking control of his company.

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…

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…

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…

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…

Things appear to be looking up for the art market. After five months of consecutive falls, prices are finally beginning to rise again as buyers become more confident and auction houses get a bit more realistic about prices. The renewed confidence appears to be having a positive effect on the auction houses themselves:…

Your favorite art-collecting, Greenwich-living, publicity-shunning hedge fund billionaire, Steve Cohen (left), turns 53 today. New York's most famous drag queen, Lady Bunny (right), is turning 47. Marcia Gay Harden is 50. Photographer Terry Richardson is turning 44. Halle Berry turns 43. Steve Martin is 64.…

Maybe he should have stuck with hockey. Tim Barakett, the founder of Atticus Capital and possibly the only hedge funder in history to turn down an opportunity to play professional hockey to go Harvard Business School, announced today that he's shutting down his flagship fund and handing $3 billion back to his…

You may still be dealing with the nasty effects of the economic downturn, but the pain and misery appears to be over for the hedge funders who were forced to momentarily put off plans to buy a new jet or private Caribbean island earlier this year. The Post reports the first six months of 2009 were very good for the…

• Richard Bressler, a managing director at the private equity shop Thomas H. Lee Partners and the former CFO of Viacom, has gone into contract to sell his duplex at 850 Park. The five-bedroom apartment, which Bressler purchased for $9.75 million in 2005, had been on the market since March and had been priced most…

Based on the VIP preview yesterday and the early round of sales today, it looks like Art Basel is not, repeat not, going to tank thanks to the craphole global economy. The Art Newspaper reports that spirits are high, big-name buyers such as Steve Schwarzman, Wilbur Ross, and Eli Broad are all on hand and ready to…

The real estate market in hedge fund-heavy Greenwich continues to disappoint: Sales were down nearly 70 percent during the first quarter of 2009 compared with the same time period a year earlier, and the average sale price plummeted 23 percent. The good news? Greenwich-based hedge funds like Steve Cohen's SAC…

The Robin Hood Foundation's spring fundraiser took place last night at the Jacob Javitz Convention Center and some 3,200 people turned up to munch on grilled shrimp and chicken Milanese, mingle with the likes of Oprah and Anne Hathaway, and open their wallets and give to the non-profit that funnels millions of…

Oh, how the mighty have fallen. Time magazine celebrated the release of its "100 most influential" list last night, a gathering that attracted plenty of rich finance-y types a year ago, back when saying you worked at a hedge fund or investment bank didn't have the reputational value of saying you spent your day…

Art just isn't what it used to be. According to the Mei Moses index released today, art prices fell 35 percent during the first quarter of 2009, which means Steve Cohen's ten-figure collection is now worth a much more modest $650 million. [FT]

Part of hedge fund billionaire Steve Cohen's art collection went on display today at Sotheby's. Paintings and sculptures by Matisse, Modigliani, Picasso, Jeff Koons, and Richard Prince—works that normally reside at Cohen's castle in Greenwich—are all there to be ogled, although don't ogle them too closely if you don't…

You heard about the 25 men—and they are always men—who were ranked the top-earning hedge fund managers of the year, walking away with a collective $11.6 billion during 2008. What about the biggest losers? Alpha magazine will publish that list tomorrow, but Dealbreaker has the deets on the top three people on the list:…

Those interested in pissing off their neighbors could learn a thing or two from Russian mogul Valery Kogan and his wife Olga. The two purchased a 20,000-square-foot Greenwich mansion back in 2005, then infuriated neighbors by announcing plans in May 2008 to tear it down and build a new 27,000-square-foot…