Hedge Fund Boss Nears Deal for $153 Million London Penthouse (1)

Suneil Setiya, the co-founder of quant investing firm Quadrature Capital, is in talks to purchase a penthouse in London’s luxury One Hyde Park development for about 110 million pounds ($153 million), according to two people with knowledge of the transaction.

Setiya is buying the home from Hasan Ismaik, the former chief executive officer at Dubai-based construction company Arabtec Holding, which entered liquidation last year, the people said, asking not to be identified as the negotiations are confidential.

The apartment’s 14,000 square feet (1,300 square meters) interior does not yet have internal walls, is completely unfinished and will ...