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

Q&A: Neil Azous Talks Global Macro Investing

Nov 24 2014 | 12:41pm ET

Neil Azous is the founder and managing member of Rareview Macro, an advisory firm...

Lifestyle

Griffin Selling Chicago Apartment

Nov 26 2014 | 11:40am ET

Citadel Investment Group’s Kenneth Griffin is making clear to his estranged wife...

Guest Contributor

Why The Big Money Is Going To Europe

Nov 14 2014 | 6:03am ET

Peer-to-peer lending was invented with the individual investor in mind. But despite...

 

Sponsored Content

    For Hedge Funds, Mastering Data Is Key To Success

    Nov 4 2014 | 9:45am ET

    Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

November 2014 Cover

Building a better market

Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...

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.