Hedge fund managers represent 6% of the 200 most active art collectors in the world, according to ARTnews.
Leading that group of hard-core collectors is Steven A. Cohen, founder of S.A.C. Capital Advisors LP, the only hedge fund manager to make it into the magazine's top 10 ranking. His collection focuses on impressionist, modern and contemporary art, according to ARTnews.
Other hedge fund managers noted for their expenditures on fine art among ARTnews' top 200 collectors include Glenn Dubin, co-founder, chairman and CEO of Highbridge Capital Management LLC, whose taste runs to modern and contemporary art; Kenneth C. Griffin, founder and CEO of Citadel LLC, known for his post-impressionist paintings; and Daniel S. Loeb, CEO of Third Point LLC, whose collection includes postwar, contemporary and feminist art.
The full list of the glitterati can be found at www.artnews.com.