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SAC Founder Bids For NY Mets Stake

Hedge-fund manager, Steven Cohen, is placing a bid for a minority stake in the New York Mets baseball team.

Hedge-fund manager, Steven Cohen, is placing a bid for a minority stake in the New York Mets baseball team, The Wall Street Journal reports. Cohen, the founder of SAC Capital Advisors, manages about $12 billion in assets.

Other bidders include a team led by Steve Starker, the co-founder of BTIG, and a team led by David Heller, an executive of Goldman Sachs. The Mets are looking to raise about $200 million to cover losses and pay down debt.

Click here for the story from The Wall Street Journal.

Click here for additional coverage from The New York Times.

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