Thursday, 24 July 2014
Last updated 4 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…