Tuesday, 21 October 2014
Last updated 5 hours ago
Jan 11 2012 | 10:49am ET
Four floors weren't enough for hedge fund manager Harsh Padia—so, for an extra $2 million, he added a fifth.
Padia, who founded Hap Capital Advisors two years ago, has a new home in Manhattan, a five-floor penthouse in Tribeca. According to city records, he paid a whopping $17.5 million for the 7,200-square-foot home—a deal so big, certainly by downtown standards, that it will be featured in Bravo's new television series, "Million Dollar Listing New York," the New York Post reports.
Padia and his wife snapped up the penthouse, originally four floors and listed for $15 million, at 471 Washington Street. But a quadplex wasn't roomy enough, so Padia also bought the seventh floor of the building, making him the owner of half the building.
Padia's new home has 360-degree views, a rooftop pool and 4,200 square feet of outdoor space, including four terraces and two balconies. The quinplex has a 1,000-square-foot sunroom.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...