Friday, 25 July 2014
Last updated 48 min ago
Nov 18 2011 | 2:28am ET
The palatial Park Avenue apartment that housed socialite Brooke Astor for almost 50 years was bought by a hedge fund manager for less than half its original asking price.
Viking Global Investors' Daniel Sundheim and his wife, Brett, paid $21 million for the five-bedroom apartment, which takes part of the 15th and the entire 16th floor at 778 Park Avenue. The apartment, which also features five fireplaces, was originally listed for $46 million in 2008, the year after Astor died at 105.
Astor moved into the apartment in 1959, the year her third husband, Astor family scion Vincent Astor, died.
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…