Tuesday, 23 September 2014
Last updated 10 hours ago
May 19 2010 | 10:39am ET
If it was (almost) good enough for the Olsen twins, it’s certainly good for a hedge fund manager—especially at a discount.
An unidentified hedge fund manager has bought the 5,700-square-foot Manhattan penthouse that was supposed to serve as Mary-Kate and Ashley Olsen’s college crash pad. But the actresses never moved into the West Village apartment, which they bought in 2004 for $7.3 million, abandoning their plans to attend New York University quickly thereafter.
The building was built in 2004, and the never-lived-in penthouse features expansive city, river and harbor views on three sides.
The Olsens have been trying to unload the place since 2005, first seeking $9.45 million and then nearly $12 million. They settled for approximately $8.45 million, according to the New York Post.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.