Sunday, 29 March 2015
Last updated 1 day 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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…