Looks like billionaire hedge funder and art collector Steven Cohen may have to sit out a few more art fairs. Failing to land any of the insider trading charges that kept Cohen away from Art Basel this December, the Securities and Exchange Commission is now charging him with failure to supervise SAC Capital managers. SAC Capital Advisors portfolio manager Mathew Martoma and SAC executive Michael Steinberg, are both facing criminal and civil insider trading charges. They should have been supervised.
