A sprawling Greenwich, Connecticut, estate with ties to hedge fund billionaire Ray Dalio has hit the market for $150 million.

Copper Beech Farm, a more than 50 acres (20 hectares) property with an eight-bedroom main house, would rank among the most expensive homes in the US if it’s sold at the current asking price. The estate last sold in 2014 for $120 million.

Dalio, the founder of hedge fund firm Bridgewater Associates, had long been speculated as the 2014 buyer of the property. The limited liability company that owns the residence, the Conservation Institute LLC, lists a Bridgewater email address. An accounting manager for Dalio Family Office is named as having filed the limited liability company’s most recent annual reports with the Connecticut secretary of the state.

Dalio is worth $16.2 billion, according to the Bloomberg Billionaires Index. He couldn’t be reached for comment. Sotheby’s International Realty’s Leslie McElwreath, one of the listing agents for Copper Beech Farm, declined to comment on the current owner.

Dalio founded Bridgewater, which is based in Westport, Connecticut, in 1975 and built it into a massive hedge fund. Late last year, he gave up control of the company, transferring all of his voting rights to the board of directors and stepping down as one of its chief investment officers.

The property, built in 1898, has walled gardens, a long stretch of shorefront and an offshore island, as well as a grass tennis court and an apple orchard, according to the listing.

“Copper Beech Farm is the pinnacle of the Greenwich real estate hierarchy,” according to the listing.

The current record for the most expensive single-family home sale is $238 million for Ken Griffin’s 220 Central Park South apartment, which he bought in 2019. Other expensive sales in recent years include billionaire Daniel Och’s offloading of a 220 Central Park South apartment for roughly $190 million and Jeff Bezos’s purchase of a Beverly Hills mansion for $165 million.

--With assistance from Katherine Burton.

This article was provided by Bloomberg News.