Saturday, 30 August 2014
Last updated 1 day ago
Feb 28 2011 | 9:22am ET
Brevan Howard Asset Management co-founder Trifon Natsis is preparing to build a basement bunker worthy of royalty under the garden of his home in London's posh Hampstead neighborhood.
Natsis's plans are expected to be approved this week by his local council. And then, let the digging begin: The hedge fund manager plans to increase the size of his Templewood Avenue home by tenfold, from the current 57 square meters to a whopping 495 square meters. The one-and-a-half-story downward expansion will include a pool, a jacuzzi, a wine cellar, a gym and a "garden room."
In addition, Natsis' £9.1 million plans include changes to his historic early-20th century home, formerly the resident of the Polish ambassador to the Court of St. James. The top floor will be dormered and an extension—complete with terra cotta balustrade—will be added to the side. There will also be a pair of terraces and a front porch.
All told, the work is expected to take two years, one of many things Natsis' neighbors aren't happy about.
Two local groups have already complained that the proposed changes are "oversized" and out-of-character for the protected neighborhood. Others say that the clay-based soil of Hampstead already presents major drainage and flooding issues, which they say would be exacerbated by the extension.
But Camden council doesn't seem to think so, calling the "proposed demolition and development" "acceptable in design and scale."
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…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...