Simon Mordant sells Point Piper apartment to Tudor Investment Corp hedge funder

Simon Mordant sells Point Piper apartment to Tudor Investment Corp hedge funder
Simon Mordant sells Point Piper apartment to Tudor Investment Corp hedge funder

Arts philanthropist Simon Mordant, from Luminis Partners, and his wife Catriona have secured $13.35 million for their beachfront Point Piper apartment through eastern suburbs gun agent Bill Malouf.

It cost $10.8 million in 2011 with the then underbidder, Tudor Investment Corp's Ian Calcraft emerging as the latest buyer of the harbourside Alex Popov-designed apartment.

With the rising US dollar, Calcraft who works for the billionaire Paul Tudor Jones Greenwich, Conn, US headquartered hedge fund, benifited from the currency shift given much of his wealth is derived in US dollars. 

And as Mordant tells friends he snapped up his new Broughton House, Sydney abode from designer Thomas Hamel at around his windfall difference.

This article was first published in The Saturday Daily Telegraph.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

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