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New York

Scandal-plagued power couple buy 700 Park Avenue duplex

Casablanca Capital chairman Donald Drapkin and girlfriend Elyse Slaine have purchased a duplex at 700 Park Avenue for around $4.2 million, the New York Post reported.

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Drapkin, ex-friend and longtime associate to billionaire Ron Perelman, was victorious in a dispute with his former boss over $16 million Drapkin said he was owed earlier this year. Slaine is also no stranger to scandal — her ex-husband is deposed hedge fund employee turned FBI informant David Slaine, whose insider information helped take down Raj Rajaratnam, the Post said.

The three-bedroom, four-bathroom apartment was listed for $5 million by Sloane Square NYC. The residence includes an entrance gallery, eat-in kitchen, a formal dining room and outdoor space, according to the listing. [NYP] –Guelda Voien

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Hedge Funds