$155m Picasso buy

Steven Cohen, the billionaire investor whose hedge fund agreed to pay US authorities $US616 million to settle allegations of insider trading this month, has spent $US155 million on a Picasso painting.

Steven Cohen, the billionaire investor whose hedge fund agreed to pay US authorities $US616 million to settle allegations of insider trading this month, has spent $US155 million on a Picasso painting. He bought Le Reve, a portrait of Picasso's mistress, Marie-Therese Walter, from casino magnate Steve Wynn.

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