Hedge Fund Manager Buys House Near Kennedy Compound

Aug 27 2012 | 11:18am ET

A New York hedge fund manager may have—probably unknowingly—broken the hearts of Cape Cod's teeny-boppers.

The unidentified money manager has agreed to buy a Hyannis Port, Mass., house adjacent to the famed Kennedy compound. But rumors originally had the $4.9 million home going to pop star Taylor Swift, who is reportedly dating Conor Kennedy, Robert F. Kennedy's 18-year-old grandson.

Kennedy's grandmother, Ethel, lives across the street from the seven-bedroom home on Marchant Avenue. It is unclear whether Swift had any interest in the property, or if her link to it was mere hopeful rumor.

The deal for the 1.11 acre waterfront home, which has been on the market for at least two years, has not closed. The house has five-and-a-half bathrooms and is 4,440 square feet.

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