Movements

Hedge Funder Steve Cohen Joins MOCA LA Board

scohen 050807 1 Hedge Funder Steve Cohen Joins MOCA LA Board

Steve Cohen. (Patrick McMullan Company)

The Museum of Contemporary Art Los Angeles announced moments ago that Steven A. Cohen, the hedge-fund-operating collector from Greenwich, Conn., who is known to have a penchant for plowing a good bit of cash into art, has just joined its board of trustees.

Count that as a big win for MOCA director Jeffrey Deitch, who had been charged with bringing in the big money when he began in his position in 2010.

In a news release, MOCA noted that the board has welcome the likes of Greenwich, Conn., collector Peter M. Brant, Ukrainian billionaire Victor and artist Catherine Opie in recent years.

Remember that time that Mr. Cohen reportedly excused himself from dinner at his house with Museum of Modern Art director Glenn Lowry, Eli Broad and Leon Black, among others, to buy a Warhol Coke painting for $35.4 million by telephone from Sotheby’s, and then came back and told everyone about it? That was pretty great.

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Comments

  1. Arthur Coward says:

    Err..yes. Very nice, except that Mr. Cohen’s hedge fund is repeatedly involved in insider trading investigations. Also, I believe his entire firm is under investigation at the moment. Will the board meetings be held in Federal prison?
    Oh right, I forgot: no one’s gone to jail for participating in the massive, criminal conspiracy that is called the financial industry, so no, board meetings will not be held in Federal prison.