THE MONEY: In 1999, founded New York-based hedge fund firm with focus on life sciences and biotechnology. Website motto: “We think and act like scientists.” $8B AUM. Invested in Irvine-based Beta Bionics, a diabetes medtech that went public in January at almost $1B valuation.
RECORD BREAKER: Paid in 2021 $70M for an oceanfront mansion in the exclusive Laguna Beach enclave of Abalone Point in the Irvine Cove community, home to 12 oceanfront homes. Sale marked a new record for OC at that time. Fellow billionaire Sue Gross has multiple properties in the same community. Main residence runs 18,000 square feet and has a pool cabana and an all-glass guesthouse.
WEEKEND WEALTHY: Hedge fund exec—who earned a bachelor’s degree in psychology from University California, San Diego—was reported to be leasing a home in the area the time the off-market deal was struck.
QUOTABLE: “We examine biotechnologies for efficacy and impact, and we invest in those that we believe have great potential for success.”
