A New York hedge-fund manager has paid $70 million for an oceanfront mansion in Laguna Beach, Calif., in what agents said is a sales record for California’s Orange County.
Records show the buyers were Joseph Edelman, founder and CEO of the New York-based biotech hedge fund , and his wife, Susan Lebovitz-Edelman. The property last traded hands for $32.7 million in 2018, according to records.
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