Tuesday, 16 September 2014
Last updated 35 min ago
Aug 12 2011 | 9:59am ET
When the apartment that he craved came on the market after 52 years, Reservoir Capital Group founder Daniel Stern was not going to let it pass him by.
Stern and his wife, Nanna, paid $15 million for the 13-room duplex at 990 Fifth Avenue formerly owned by philanthropist Samuel Peabody, the New York Observer reports. That's $1.5 million more than Peabody first sought for the digs, which went to contract just eight days after he listed.
The five-bedroom, six-and-a-half bathroom apartment, across the street from the Metropolitan Museum of Art, features views of Central Park and a dining room that, in the words of its brokers, is large enough to "host a baronial center table or a flight of rounds for a large affair."
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 Federal Reserve keeps baby-stepping toward a “normalization” of monetary policy. But just what is normal?