Tuesday, 2 September 2014
Last updated 9 hours ago
Jun 24 2011 | 12:01pm ET
Harbinger Capital Partners chief Philip Falcone has managed to swing a cut-rate vacation in the Hamptons, according to the New York Post.
Falcone will summer at the 10-bedroom, 18,000-square-foot Stone Meadow Farm (a property he once bid on) for about $700,000, or 30% off the asking price.
Falcone lost a bidding war for the property (which Mariah Carey rented in 2008) to heiress and entertainer Isabel Rose, who paid $12.5 million for it in 2009. Instead, says the Post, he decided to build his own home in Sagaponack, but that project is about six months from completion.
Falcone should be in for a comfortable two months at the "farm" which includes a spa, media room, tennis court and horse stables.
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…
The twin debacles of MF Global and PFG have damaged the reputation of the futures industry demanding an examination of customer protection rules. New rules are being implemented, which will add cost a...