A hedge fund supervisor nicknamed the “Wizard of Oz” enchanted his way into a in the vicinity of-document placing authentic estate deal in the Hamptons late last calendar year, in accordance to a new report.
Australian hedge fund supervisor Greg Coffey, 50, was revealed to be the buyer behind the $105 million obtain of the Fordune estate in Southampton in late 2021, 1 of the most high priced attributes at any time marketed in the spot, in accordance to the Wall Road Journal.
Though amongst the most high-priced Hamptons bargains on document, the $105 million closing rate was considerably limited of the compound’s authentic $175 million asking cost, the Journal described.
The deal was brokered by Bespoke Real Estate and Julia B. Charge Sotheby’s International Realty, in accordance to the Journal.
The 20,000-square-foot, 12-bed room home was constructed for car mogul Henry Ford II in the 1960s and sits on 42 acres with ocean entry. The grounds incorporate a carriage household, a 60-foot-extensive pool, a tennis court and a basketball courtroom. When the Ford relatives employed the property it contained virtually 200 acres, but parcels have considering that been offered off.
The property was 1st stated in 2017 by portfolio supervisor Brenda Earl. At the time, it was the most high-priced home for sale in the Hamptons.
The superstar trader rose to prominence as a trader with GLG in London ahead of turning out to be co-main financial commitment officer for European business at Moore Funds Administration. In 2012, he declared his retirement at age 41 and returned to Sydney, right before emerging in 2018 to announce he would launch a new fund dependent in London.
Coffey also not long ago acquired a $50 million Higher East Facet townhouse from real estate developer David Levinson in 2021, in accordance to the Journal.
Amid the other estates owned by Coffey is the Ardfin estate in Scotland, a sporting estate the hedge fund supervisor ordered in 2010 that captivated some controversy owing to Coffey’s choice to close the estate’s public grounds.
E mail Ben Verde