Tuesday, 27 January 2015
Last updated 34 min ago
Jan 7 2013 | 9:55am ET
Citadel Investment Group founder Kenneth Griffin is celebrating his second straight year of returns in excess of 20% by spending nearly $80 million on a sunny retreat.
Griffin has bought two oceanfront properties in Palm Beach, Fla., for a combined $79.6 million. The purchases were made through an affiliate company, PBH LLC. PBH's address is a Miami condominium owned by Griffin.
The two lots, on a cul-de-sac called Blossom Way on the barrier island, combine to make a roughly 4.2 acre estate on the Atlantic. Only one of the two lots has a home on it, a 28-year-old five-bedroom, 14,354-square-foot home on the northern lot.
Griffin paid $37.95 million for that property and $41.65 million for the vacant lot. The former had previously sold in 2000 for $13 million, and the latter two years ago for $29.15 million.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…