What do you do if you own a hedge fund, and your ship comes in? Well, if you have no taste, no modesty, and no sense of proportion, you build a 35,000 square-foot palace in Greenwich. (No, I am not envious: these places are about as homey as Versailles - I just find this sort of thing to be an embarassment. The money they make is fine with me - they earn it.) Greenwich is not a Yankee-style town. Piece in Vanity Fair.
Speaking of hedge funds, if you have any interest, Barton Biggs' Hedgehogging is a good, quick, entertaining inside look at this new world of high-risk, high-reward investing.