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15 CPW Alert! Hedge Fund Doctor Gets $30 M. Duplex


15 Central Park West has no shortage of accomplished residents. Pick a field and its leader might just have a condo in the building. There are dozens of Wall Street investors who’ve made (and in a few cases) lost billions of dollars, a Nascar star, a pharmaceutical executive, and even English teacher-cum-rockstar Sting.

The latest buyer might be the most dazzling professional hyphenate hy·phen·ate  
tr.v. hy·phen·at·ed, hy·phen·at·ing, hy·phen·ates
To divide or connect (syllables, word elements, or names) with a hyphen.

n.
 yet—M.D./Hedge Fund Manager. Dr. Lindsay Rosenwald, a one-time internal physician who made a fortune investing in bio-technology start-ups took out a $22.5 million mortgage to buy a $30 million duplex condominium condominium

In modern property law, individual ownership of one dwelling unit within a multidwelling building. Unit owners have undivided ownership interest in the land and those portions of the building shared in common.
 on the 18th floor, city records show.

The same company listed as the buyer on the property deed also shelled out $690,000 for a “suite”—15 CPW (1) (Commercial Processing Workload) An IBM metric for system performance. CPW is designed for business applications that have a significant amount of input/output. ’s euphemism eu·phe·mism  
n.
The act or an example of substituting a mild, indirect, or vague term for one considered harsh, blunt, or offensive: "Euphemisms such as 'slumber room' . . .
 for the Victorian-era staff quarters there.

When Dr. Rosenwald was hired as the Managing Director of Corporate finance at D.H. Blair and Company in 1988, the New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 Times said he was “perhaps an exception to the Wall Street truism that perhaps doctors make bad investors.”

In 1991 he founded his own firm Paramount BioCapital, which specializes in financing emerging pharmaceutical companies and taking them public. In stark contrast to the rest of the building (and tribe for that matter), Dr. Rosen is a Jewish Republican and the co-founder of the Jewish Republican Coalition.
Copyright 2008 The New York Observer
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Article Details
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Author:Lysandra Ohrstrom
Publication:The New York Observer
Date:Apr 16, 2008
Words:215
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