Hedge Funds
About a month after spending $85 million for the missing piece of his enclave in Palm Beach, hedge fund billionaire Ken Griffin closed on a $51.3 million mortgage for the property. Records show Blossom Way Holdings LLC secured the loan for 1290 South Ocean Boulevard. JP Morgan is the lender. Griffin spent $85 million on the 4.18-acre estate in January, marking the second-highest price for a single real estate deal in Palm Beach history. In all, he ... [more]