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Hedge-funder pays $24M for co-op in building favored by billionaires

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Billionaires, like birds of a feather, tend to stick together. Finance bigwig Phillippe Laffont, founder of tech-focused multibillion-dollar hedge fund Coatue, has purchased a three-bedroom apartment at 834 Fifth Avenue, a Rosario Candela-designed building best known for its billionaire contingent. Laffont paid $24 million for the 15-room spread, $1 million more than its most recent asking price of $23 million, according to public records filed today with the city. The spread was originally listed in [more]

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