Monday, 20 October 2014
Last updated 2 days ago
Dec 20 2012 | 9:43am ET
Andor Capital Management founder Daniel Benton has bought a Manhattan penthouse for $39 million.
Benton's new digs, at 730 Park Avenue, were quietly offered for sale after a neighboring penthouse, owned by the late private-equity manager Ted Forstmann on 70th Street, fetched $40 million in June. Benton's duplex was originally offered for $35 million.
The apartment sits on the top two floors of the 20-story building, at 71st Street on New York's Upper East Side. It features 12 rooms, five terraces and views of Central Park. There is a grand staircase, a solarium and a breakfast room with a glass ceiling.
Benton closed Andor in 2008 and retired. The firm, which once managed $2 billion, focused on technology. He and his wife already life in the building, in a lower-floor 12-room duplex they bought in 2007 for $21 million.
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 ...