British hedge fund manager John Armitage has snapped up a Manhattan co-op for nearly $18 million.
The chief investment officer and a founding partner at London-based Egerton Capital bought the three-bedroom apartment in a 20-story Neo-Renaissance building on Park Avenue in what appears to be an off-market deal, according to property records filed with the city on Wednesday. He paid $17.735 million for the home.
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From the elevator, the unit boasts a private landing and opens into a sun-filled unit with western and southern exposures overlooking Central Park, according to details of the home on StreetEasy.
The unit includes a sunny conservatory, staff quarters, a large butler’s pantry and a library, according to a floorplan of the unit.
Architect Lafayette A. Goldstone, who built luxury apartment towers and skyscrapers around New York City, designed the 20-story building, completed in 1928. It was converted to a cooperative in 1945.
Notable past and present residents in the building include late TV newsman Mike Wallace, who lived there until his death in 2012, and hedge funder Philippe Laffont, according to information on the building from CityRealty.
Mr. Armitage, 57, and his wife, Catherine, bought the unit from fellow financier James R. Maher, a former director at BlackRock Capital Investment Corporation.
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Mr. Armitage’s property purchase comes on the heels of boom times for Egerton, one of the best-performing funds in 2017 thanks to its equities focus. The fund has reportedly earned nearly $15 billion since its founding in 1995.
An email sent to Mr. Armitage via Egerton Capital was not immediately returned.