The current Vanity Fair has a historically useful piece on the homes of hedge fund rich and famous in Greenwich, Connecticut. From spec builders putting up $12m homes, to places with seven marble fireplaces, and others with 25-car garages, these faux English manors in the Connecticut countryside are memorials to a conspicuous (inevitable) correction in the market for hedge funds.
There are some great quotes though, like this one from a sniffing member of old-money, blueblood Greenwich:
“Old Money est completement disparu. Or if they’re not gone, they’re in the woods, hiding.”
There’s something wonderfully appropriate about the idea of former masters of the financial universe now hiding in the woods from the hordes of hedge fund managers now remodeling a Connecticut county in their own high-fee image.