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.

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    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…