Hedge fund manager buys most expensive residential property in U.S.

Pot Of Gold

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.

To access the complete New York Post article hit the link below:

Activist investor buys NY mansion for record $147M

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