Hedge fund manager Glenn Dubin signed a contract to purchase a unit in one of New York's most famous addresses: 1040 Fifth Ave. Specifically, Mr. Dubin is buying the apartment once owned by Jackie Onassis; the price is a reported $32 million.
The 15th floor apartment is about 5,300 square feet, with five bedrooms, 5%BD; baths, a library, dining room, three fireplaces and two terraces. The apartment has been extensively refurbished since it was purchased from Ms. Onassis in 1995 by New York billionaire David Koch.
Mr. Dubin is co-chief executive officer, co-founder and managing partner of Highbridge Capital Management LLC, which manages $5.4 billion in hedge funds, according to the firm's most recent ADV filing with the Securities and Exchange Commission. He did not return a call seeking comment and confirmation of reports in the New York press about the contract and purchase price.
Another hedge fund manager, D. Dixon Boardman, recently expanded his home in Palm Beach, Fla., with the purchase of the house next door. Mr. Boardman and his wife, Arriana Hohenlohe-Boardman, purchased their home in 2001 and have wanted more space and land for some time. Both homes overlook the Palm Beach Country Club golf course.
Mr. Boardman explained: "I have owned a house in Palm Beach most of the time for the past 30 years and the opportunity of buying the house next door will enable us to join the properties and to have a larger garden and guest house, something to which we look forward." The new house has 4.877 square feet of living space.
Mr. Boardman is founder and managing member of Optima Fund Management LLP, New York, which manages $4 billion in hedge funds and partially owned by Mellon Private Wealth Management.
