How Hamptons Hedge Fund Party Boys Effect Real Estate Agents

Some bad behavior by hedge fund executives in the Hamptons this summer may have sullied the sector’s reputation — but it has had nothing but upside for area real estate agents.

Screenshot 2016-08-23 04.28.56Hampton homeowners, it seems, are turning more and more to brokers — and away from self-listing their homes on various Web sites — in an attempt to better vet these weekend warriors.

Top broker Dolly Lenz credits the trend toward using brokers to the season’s poster boys for bad renters — Kerrisdale Capital founder Sahm Adrangi and Moore Capital trader Brett Barna.

Adrangi gave renters (and hedgies) a bad name last weekend by getting arrested for drunk driving. Cops also found cocaine in his car. He was heading to his Amagansett rental after a night at the Surf Lodge in Montauk, he told police.

Barna’s misdeed was playing hostess with the mostest outside a Hamptons mansion obtained through Airbnb. His “Sprayathon” over the July 4 weekend — a so-called “Wolf of Wall Street”-style rager — attracted 500 rowdy revelers and cost the trader his job.

“There’s very little vetting on those sites,” agent Thomas Friedman of Corcoran’s East Hampton office said of his online competition.

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