The former CEO of the defunct and disgraced Galleon Team offered his condominium in Surfside’s Fendi Château Residences.
Information show Gary Rosenbach marketed device 806 at 9349 Collins Avenue to LAC LLC, a Delaware entity. The concealed consumer outlined a Park Avenue address in New York City.
Devin Kay of Douglas Elliman represented each the customer and vendor in the offer. He declined to comment.
Rosenbach was CEO of New York City-centered hedge fund Galleon Team from 1997 right until 2009. The business, then a person of the greatest hedge funds in the planet with $7 billion in assets beneath administration, shut down that yr in the wake of a historic insider investing scandal centered on Rosenbach’s co-founder, Raj Rajaratnam. Rajaratnam was convicted of fraud and conspiracy in 2011, and sentenced to 11 decades in jail, the longest sentence at any time handed down for insider buying and selling, according to posted reports.
Rosenbach was not implicated in the insider buying and selling plan. In the aftermath of Galleon’s scandal, he took up chopping, a western equestrian sport that involves separating cattle on horseback. In 2013, he and his horse, Scooters Daisy Dukes, received the Countrywide Chopping Horse Association Super Stakes Derby Newbie Championship, the New York Instances described.
Absent from the rodeo, Rosenbach bought the Fendi Château rental for $6.9 million in 2020. Built in 2016, the unit spans 4,300 sq. toes, with three bedrooms, four bogs and 1 fifty percent-toilet, records display. The condominium also has staff members quarters, the listing reveals.
Château Group developed the 12-tale, 57-unit beachfront Fendi Château, which was developed by Arquitectonica and incorporates a theater, health heart, spa and little ones club.
Fendi Château is amid Surfside’s most coveted luxurious condos. In November, a Brazilian software package manager sold his unit for $27.1 million, immediately after getting it for $10.8 million in 2016. Another device in the creating bought for $19.8 million in June.
Soccer star Tom Brady rented a device in the setting up adhering to his split from supermodel Gisele Bündchen. It strike the industry for $16 million very last month.
