Thursday, 23 October 2014
Last updated 17 min 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...