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Steve Cohen's legal challenges haven't slowed his investing gains—or his spending.
Cohen—whose firm SAC Capital settled criminal insider charges for $1.8 billion last year—bought a sculpture at auction last week for $101 million, according to people familiar with the transaction. The purchase comes after his new fund posted gains of 15 percent through the end of October, according to people familiar with the fund.A spokesman for Cohen declined to comment on the deal. The news was first reported by The New York Times. Cohen purchased a bronze sculpture by Alberto Giacometti called Chariot, which sold for $101 million including commissions at Sotheby's impressionist and modern art sale last week. The piece was one of only six made and one of only two in private hands.
-- Robert Frank, CNBC