Hedge Funds

Kovner's mansion gets into Big Apple elite list

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You know hedge funds managers really are the new masters of Wall Street, when the New York Times starts doing profiles on their mansions. That was the case with Caxton chief Bruce Kovner whose 20,000-foot digs on Fifth Avenue was showcased by the paper in a feature that looked at elite homes in the Big Apple that ranged in market price from $15 million to $20 million.

Kovner's prized spot on 94th Street, alongside Central Park, is a Federal-style red-brick urban homestead that formerly housed a museum. The previous resident, the International Center of Photography, could no longer