Hedge Funder Buys Co-op for $32.5 Million
It's not all bad news for the upper-end of Manhattan's residential real estate market. Hedge fund manager John Griffin, who once worked for Julian Robertson before founding Blue Ridge Capital, and his wife Amy, have paid $32.25 million for a 10th-floor spread at 1030 Fifth Avenue, where Diane Sawyer and Mike Nichols are also residents. The apartment, which wasn't even officially on the market, was owned by private equity exec Richard Schmeelk and his wife Priscilla. [NYO]