A-Rod and hedge fund manager Steve Cohen walk into a bar…

From left: Alex Rodriguez and Steven Cohen
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Baseball player Alex Rodriguez appears to have an unusual business counselor: SAC Capital Advisors founder Steve Cohen.

The two had drinks Sunday night at The Peninsula hotel bar in Beverly Hills, California, on the eve of their attendance at the Milken Institute Global Conference, according to people with direct knowledge of the meeting.

The pair were part of a group of about eight at the upscale Los Angeles-area venue. It's not clear who the other attendees were or what specifically was discussed.