Palm Beach Hedge Funder Builds Quant Paradise
Steven Schonfeld is a hedge fund billionaire of a different breed.
He’s almost always in a hoodie, drawn from a closet full of them. He shuns the Wall Street crowd. You’ll never see him at a gala in Manhattan or at Davos or Aspen. Mostly he stays home in Old Westbury, New York.
In other ways, “Schony,” as his gin pals call him, is just like any other tycoon. He’s worth about $1.3 billion, according to estimates by the Bloomberg Billionaires Index. He spent about $20 million to build a golf course, designed by Rees Jones, next to his Old Westbury estate. On Tuesday, he and his wife Brooke closed on a mega-mansion in Palm Beach, Florida, with the Atlantic Ocean on one side and Intercoastal Waterway on the other, for $111 million.
That plants the couple in the same neighborhood as fellow billionaires Ken Griffin, Paul Tudor Jones and Steve Schwarzman, as well as President Donald Trump, whose Mar-a-Lago resort is less than a mile north….