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Hedge fund chief pays US$71.3m for NY home

[NEW YORK] Israel Englander, the founder and chief executive officer of hedge fund firm Millennium Management, bought a duplex apartment on New York's Park Avenue for US$71.3 million, a record price for a Manhattan co-op.

The seller was the government of France, New York City property records filed on Aug 30 show. The six-bedroom unit at 740 Park Avenue was listed for US$48 million in April, according to real estate website StreetEasy.com.

The Park Avenue tower, completed in 1931 and designed by Rosario...

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