Eat Your Heart Out East Hampton

Hedge-fund manager Louis Moore Bacon of Moore Capital Management, LLC, just set a new record for the highest price every paid for a piece of residential real estate in the U.S. For $175 million, Bacon purchased 171,400-acre Trinchera Ranch in Colorado from the Forbes Family. Bacon's purchase trumped the previous record set by Wall Street veteran Ron Baron, who paid $103 million for property in the

Hedge-fund manager Louis Moore Bacon of Moore Capital Management, LLC, just set a new record for the highest price every paid for a piece of residential real estate in the U.S. For $175 million, Bacon purchased 171,400-acre Trinchera Ranch in Colorado from the Forbes Family. Bacon's purchase trumped the previous record set by Wall Street veteran Ron Baron, who paid $103 million for property in the Hamptons.

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