Saturday, 18 April 2015
Last updated 21 hours ago
Sep 17 2008 | 10:55am ET
His hedge fund isn’t the Cadillac that it once was, but that hasn’t stopped Goldman Sachs’ Raymond Iwanowski from buying his deluxe apartment in the sky.
The Global Alpha manager—who saw his fund lose almost 40% last year and shrink by more than half due to redemptions—has bought a five-bedroom pad on New York’s Upper East Side for almost $13.6 million.
The full-floor Park Avenue condo is hardly the most extravagant real-estate purchase by a hedge fund manager in recent months: John Paulson, whose funds were returning triple digits while Iwanowski’s secretive quantitative fund was hemorrhaging red, paid $41.3 million for a 10-acre Hamptons estate earlier this year. But it isn’t too shabby, either. The 4,184-square-foot residence features nine rooms and two fireplaces.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…