Wednesday, 1 October 2014
Last updated 1 hour ago
May 14 2013 | 10:16am ET
Having moved into his new mountain retreat, John Paulson is offloading his old.
The Paulson & Co. founder has listed his smaller home in Aspen, Colo., for $29.9 million. The billionaire bought the 8.4-acre Aspen Lakes Ranch in 2010 for $24.5 million.
The 13,000-square-foot home has seven bedrooms, seven bathrooms, seven fireplaces, a spa, a home theater and nearly 10,000 square feet of patios, and features views of the Elk Mountains and the Snowmass Ski Area. The ranch also includes several "stocked ponds" and waterfalls.
Paulson bought his new home in the area, Star Ranch, last year for $49 million. He's spent the interim renovating the former home of Prince Bandar bin Sultan, the former Saudi Arabian ambassador to the U.S., which is by far the largest home in Pitkin County.
"He's selling the house because he's moving to Star Ranch," Paulson spokesman Armel Leslie told Bloomberg News. "He said back then he'd be doing some work on the house and eventually moving in, so now he's moving in."
In addition to his Aspen digs, Paulson owns homes in New York City and Southampton, N.Y.
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…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...