Matrix Capital's Goel buys Manhattan apartment from Seagram heir in $19M deal

March 1
1:36 PM 2014

David Goel, the manager of hedge fund Matrix Capital Management, purchased a three-bedroom apartment along Manhattan's Fifth Avenue. The said property was acquired from billionaire and Seagram Co heir Charles Bronfman in a $19-million deal, according to Bloomberg.

The apartment is located at 810 Fifth Avenue and covered the whole sixth floor. New York Post says the property's initial asking price was $19.9 million. The co-up is fully renovated and commands a view of the Central Park. The philanthropist originally acquired the apartment in 2010 for $21 million, according to data cited by the report.

Bronfman is the head of the Andrea and Charles Bronfman Philanthrophies Inc. His estimated net worth is currently pegged at $2 billion, the report noted.

Headquartered in Waltham, Massachusetts, Matrix Capital Management currently manages $1.6 billion worth of assets. From January to October of 2013, the company became the second best performing hedge funds included in Bloomberg Markets list, Bloomberg reported.

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