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51°
Sunday, may 19
Tag:
Hedge Funds
Real Estate
Hedge Fund Manager Lost $25 Million In Sale Of Philly Area Mansion: Report
A lavish mansion in Montgomery County sold for less than a third of the cost it took to build it, says a report by MansionGlobal.com. The sprawling, six-bedroom estate at 100 Maplehill Road in Gladwyne Township sold for $9.26 million in August, county property records show. But according to the report by the New York Post, hedge fund manager Andrew Barroway spent roughly $35 million to build the palatial home between 2006 and 2009. Property records list the new owner as Gladwyne RHT, a pass-through company linked to digital advertising executive Thaddeus Bartkowski, M…