Monday, 29 December 2014
Last updated 1 hour 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.