Saturday, 20 September 2014
Last updated 23 hours ago
Mar 4 2014 | 9:27am ET
Matrix Capital Management had a banner year in 2013, and co-founder David Goel is celebrating with a new pied-a-terre.
Goel paid $19 million for a three-bedroom apartment on New York’s Fifth Avenue. The residence spans the building’s sixth floor and features a library, two fireplaces and “his and hers ensuite marble-clad baths.”
Goel bought the apartment from Seagram Co. heir Charles Bronfman. He had sought $19.9 million for the place. Bronfman paid $21 million for it in 2010.
The building is at Fifth Avenue and 62nd Street.
Matrix returned 56% through October last year, and 20% in 2012.
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.