Friday, 24 October 2014
Last updated 26 min 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.
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…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...