Rosenstein Buys $147M Hamptons Estate

May 5 2014 | 10:44am ET

The most expensive house in the United States has gone to hedge fund manager Barry Rosenstein.

The Jana Partners founder has agreed to pay $147 million for an 18-acre waterfront estate in East Hampton, N.Y. The deal easily breaks the previous record, set just two weeks ago in Greenwich, Conn., where a 50-acre waterfront spread sold for $120 million.

The estate was designed by Tweedy, Browne Co.’s Christopher Browne and his partner, architect Andrew Gordon. Browne died in 2009 and Gordon last year. Browne paid just $13 million for the property, 60 Further Lane, in 1997.

The estate features a 500-foot-long lily pond and an apple orchard.

Browne’s heirs did not use a broker to negotiate the sale.

When Rosenstein moves in, he’ll count Point72 Asset Management’s Steven Cohen and Kynikos Associates’ James Chanos as Further Lane neighbors, as well as comedian Jerry Seinfeld, art-dealer Larry Gagosian and Baron Capital Group’s Ron Baron.


In Depth

Steinbrugge: Top 10 Hedge Fund Industry Trends for 2017

Jan 3 2017 | 9:03pm ET

Each year, Agecroft Partners' Don Steinbrugge predicts the top hedge fund industry...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

DarcMatter: The Top Trends in Alternative Investments for 2017

Jan 13 2017 | 8:22pm ET

The $7 trillion alternative investments industry is poised for continued growth...

 

From the current issue of

Securities and Exchange Commission Chair Mary Jo White will step down as chair of the nation’s Wall Street overseer in January, setting the stage for a potential conservative shift in the regulator’s leadership under the incoming Donald Trump administration.