It was the second night when the Piersons received a phone call from an apartment manager working over four miles away from their home.

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I. agents handcuffed SAC Capital portfolio manager Michael Steinberg and escorted him from his Park Avenue apartment, the report, released yesterday, says that more than a third of hedge fund professionals believe they have to break the rules to get ahead.

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Fashion designer Elie Tahari has finally moved into a three-bedroom apartment facing Central Park at 15 Central Park West, drawing the curtain on a bitter battle between the apartment's former tenant, a New York hedge-fund manager, and its owner, a member of a billionaire Asian family.

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She said she figures the apartment is a good hedge against inflation, though the 27-year-old design-company manager said she didn't believe property prices would increase at the pace they once did.

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