Norwalk Advocate – Hedge fund manager Steven Cohen is no stranger to the Planning and Zoning Commission.

The panel has approved many additions to his Crown Lane estate since he bought it in 1998 for $14 million. The founder of SAC Capital in Stamford is back before the commission.

At its Dec. 16 meeting, the panel will likely review a preliminary site plan for two additions, totaling 1,145 square feet, to the 35,085-square-foot mansion on 14 acres Cohen and his wife Alexandra.

Already larger than the town’s recommended maximum volume of 150,000 cubic feet and boasting an ice rink and indoor pool, 30 Crown Lane would gain a breakfast room, a garden room and a "His" dressing room, as well as more storage, from the proposed construction.

Both additions would be built over existing impervious surfaces, avoiding increased runoff, and Cohen has received a green light from the town’s Engineering Division.

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Seeking Alpha – CNBC’s Ron Insana is folding the tent on his Insana Capital Partners L.P. hedge fund called "Legends." On August 8, 2008 sent a letter to his investors to announce they were closing shop and taking a job with Steven Cohen of SAC Capital.

"Our current level of assets under management, coupled with the extraordinarily difficult capital-raising environment, make it imprudent for Insana Capital Partners to continue business operations."

Ronald G. Insana left CNBC in March 2006 to set-up Insana Capital Partners L.P. This was a hedge fund known as a "fund of funds." Ron had the idea to use his fame to charge people hedge fund fees to select hedge funds. At the time I thought this was much like CMGI at the peak of the internet bubble. CMGI as an over valued internet holding company that invested in internet stocks then got a similar premium for its investments. According to the NY Times article, "Running a Hedge Fund Is Harder Than It Looks on TV," there was an advantage of paying Insana, access to great funds:

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Bloomberg- Service Corp. International, the biggest U.S. funeral-home and cemetery owner, is becoming a magnet for hedge funds which see the rising death rate among Baby Boomers as the surest way to resurrect the company’s shares.

Steven Cohen’s SAC Capital Advisors LLC added almost 2 million shares in the first quarter to increase its stake to 2.2 percent, according to regulatory filings. AQR Capital Management LLC, run by Cliff Asness, also boosted holdings in Service Corp.

“There is a demographic benefit as the Baby Boom ages and the death rate rises,” said Dana Walker, a portfolio manager at Kalmar Investments Inc., which oversees $3 billion in Greenville, Delaware. “The flow-through, in a top-line and a bottom-line sense, ought to be very generous.” Kalmar owned 1.2 percent of Houston-based Service Corp. as of March 31.

After at least four decades of declines, the U.S. death rate will rise to 9.3 per thousand people in 2020 and 10.9 per thousand in 2040, according to projections from the National Funeral Directors Association in Brookfield, Wisconsin.

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