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Billionaire hedge fund managers continue to snap up pricey property despite losses

This shows they may have had a rough year with volatile markets, but remain incredibly wealthy

Mr Robbins' new apartment in The Charles condominium (above) on First Avenue was created by combining two duplex penthouses. It now totals 11,740 square feet, including private terraces that cover 1,300 square feet. Monthly fees are US$10,547.

New York

A MANHATTAN penthouse on the Upper East Side with sweeping views of both the Hudson River and the East River was sold this summer for US$37.9 million. The person behind the purchase was hidden behind a limited liability company with the cryptic name CRE Acquisition.