Saturday, 28 March 2015
Last updated 17 hours ago
Apr 9 2012 | 10:19am ET
Brevan Howard Asset Management’s Mark Hillery has an impressive new place to rest his head—that vacated by none other than Oprah Winfrey.
Hillery and his wife, Melissa, paid $7.9 million for the 2,530 square foot apartment—less than a week after the television star put the place on the market in February. Winfrey bought the home four years ago for $7.1 million; she never actually lived there, instead handing the keys to her friend Gayle King.
The 57th Street apartment has three bedrooms and three-and-a-half baths. On the 26th floor, it features a 768-square-foot balcony, chef’s kitchen and floor-to-ceiling windows featuring views of both Central Park and the Hudson River.
“The Hillerys recognized the value that New York real estate represented compared to other world capitals, but mostly were looking for a New York home that they felt was a good representation of the excitement of the city,” Anjollie Feradov, who represented the Brevan Howard trader, said in a statement. “Oprah’s penthouse fit their needs and the sale was consummated quickly.”
Hillery joined Brevan Howard in 2009 from Tudor Investment Corp., where he was head of emerging markets.
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…