Wednesday, 30 July 2014
Last updated 11 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.
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…