An activist investor has just bought the most expensive residential property in the country.
The New York Post reports that Barry Rosenstein, hedge fund manager of Jana Partners, is paying $147m for a property on exclusive Further Lane.
The 18-acre beachfront property — with formal gardens and a pond — was the dream house of Christopher H. Browne, managing director of the Tweedy, Browne Company investment firm, and his boyfriend, architect Andrew Gordon.
Browne died of a heart attack at age 62 in a Florida bar in December 2009, leaving almost his entire estate to Gordon, his partner of 10 years. Gordon lived there until his death last fall.
But a dozen of Browne’s relatives — and his longtime chef — challenged the will. Gordon, who was dying of cancer, made a confidential settlement in December 2012 that allowed him to spend the rest of his life in the house.
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