Hedge Funds

Bommer buys author’s digs

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SAB Capital’s Scott Bommer set a record in February by purchasing the most expensive co-op apartment ever sold in Manhattan. While paying $46 million for a Fifth Avenue pad may bring Bommer serious prestige points, one can only wonder what paying top dollar will do to his reputation as a value investor. But Bommer earns some bonus bragging rights because his duplex was, until recently, home of the famed (and recently deceased) author and playwright Sidney Sheldon