Wednesday, 23 July 2014
Last updated 42 min 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.
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…