Henderson Manager's Historic Mansion Burns

Apr 18 2012 | 11:53am ET

Richard Pease's 400-year-old country estate was destroyed by fire on Monday evening, just months after the Henderson Global Investors hedge fund manager bought it.

Newland House, which Pease paid £2.1 million for in December, was completely gutted by the raging blaze. The 10-bedroom home, about 140 miles west of London in the Forest of Dean, was unoccupied; Pease had been renovating it.

It took only hours to destroy the 17th-century home. The fire, which threw up 30-foot flames, began at about 9:30 p.m. and needed about 50 firefighters working deep into Tuesday morning to bring it under control.

"Fire crews have been tackling this fire all night but, unfortunately, the building has been completely gutted," Gloucestershire Fire and Rescue Services said.

Pease visited the devastated site yesterday, as the investigation continued.

"It's awful," Terry Haile, a councillor for the Forest of Dean District, said. "That building has so much history. There's no saving it now though."


In Depth

Prominent Hedgie Renee Haugerud Embroiled in Ugly Child Custody Battle

Sep 10 2014 | 2:43pm ET

A high-profile hedge fund manager is caught up in a nasty child custody battle in...

Lifestyle

Full House’s Stamos To Play TV Hedge-Fund Manager

Sep 5 2014 | 4:43am ET

The life of a Connecticut hedge-fund billionaire is coming to the small screen.

Guest Contributor

The Cult of Loss Aversion: A Call to Rethink Risk in Global Macro Investing

Sep 4 2014 | 5:45am ET

In the wake of a traumatic loss, whether it is financial or personal, it is just...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

July/August 2014 Cover

In search of the ‘new normal’ at the Fed

The Federal Reserve keeps baby-stepping toward a “normalization” of monetary policy. But just what is normal?

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.