Retired Hedge Fund Billionaire Doesn’t Need Two Beach Houses - Dealbreaker

Retired Hedge Fund Billionaire Doesn’t Need Two Beach Houses

Bruce Kovner is done with St. Barth's.
Author:
Updated:
Original:
SV Zanshin [CC BY-SA 3.0], via Wikimedia Commons

SV Zanshin [CC BY-SA 3.0], via Wikimedia Commons

Caxton Associates founder Bruce Kovner was a cab driver before he made 10 figures in the hedge-fund game. That has given him something of a practical side (to go along with his less-practical pre-finance activities, including studying political economy, learning the harpsichord and writing). And that practical side is telling Bruce, who, as you’d expect, moved to Florida after he retired six years ago, that he doesn’t need a New York apartment, a new Sunshine State house and a seven-and-a-half acre estate on St. Barth’s. Especially when that seven-and-a-half acre estate on St. Barth’s can net him a cool $67 million—even if it lacks the “military-grade” speakers favored by other hedge fund snowbirds—which buys a lot of early-bird specials in the greater Hobe Sound metropolitan area, he’ll tell you.

The main house has three bedrooms, each with its own covered deck, plus an office that could also be used as a bedroom, Mr. Wattiau said. A footbridge over the swimming pool leads to the main house. A three-bedroom guest villa has its own swimming pool, and there is also a caretaker’s house with two bedrooms. The grounds also include several gazebos with sitting areas and a sun deck by the beach with a full kitchen….

He’s selling because he recently completed a home in Florida, according to people with knowledge of the listing.

Former Hedge Fund Exec Bruce Kovner Seeks $67 Million for Caribbean Estate [WSJ]

Related

Chris McAndrew [CC BY 3.0]

Ex-Man Group Chief Retires From Hedge Fund Business Again, Is Presumably Planning Next Hedge Fund

Get ready for some new competition, International Standard Asset Management.

gavel-money-bills-law-legal-litigation-finance-300x221

Ex-Hedge Fund Manager May Need New Divorce Strategy

Being a pain in the ass may be fun, but it is super-expensive.

(Getty Images)

Defunct Hedge Fund Ends Two-Year Negotiation With Feds, Allowed To Go Out Of Business

Visium Asset Management can cut its last check, one made out to “U.S. Securities and Exchange Commission.”

Whatever Doesn't Kill Commodities Hedge Funds Makes Them Stronger

Ergo, they're gonna be really strong after 7 years of being beaten in an alleyway and nearly left for dead.

Cayman Islands Need To Up Their Beach Resort Game

What with all the hedge funds forsaking them.