Sunday, 21 September 2014
Last updated 1 day ago
Feb 12 2014 | 10:18am ET
Mark Sonnino's Satellite Asset Management hedge fund went under almost five years ago, but he's still dealing—in Manhattan real estate.
Sonnino has bought a six-story building in Chelsea for $27 million. The deal comes just two months after he sold his home on Duane Street, in Tribeca, for $43 million.
Sonnino paid cash for the 41,000-square-foot office building, which is fully leased to creative tenants, including an art gallery and a hand-crafted furniture showroom. But rents in the building are far below market rate, according to Massey Knakal Realty, which represented the seller.
The building, built in 1891, is one West 25th Street, between 10th and 11th avenues.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.