Hedge Fund Manager Buys Olsens’ College Digs

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.


In Depth

OmniQuest Capital: Why Funds of Hedge Funds Work

Aug 11 2016 | 4:47pm ET

There have been few sectors of the alternative investment universe under as much...

Lifestyle

Vortic: Making Great American Watches Again

Jul 25 2016 | 6:29pm ET

If you are compelled by stories of entrepreneurial vision & drive, or simply...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...