Tuesday, 16 September 2014
Last updated 8 hours ago
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.
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…
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