Deceased hedge fund manager’s Sagaponack home back on the market – at a premium

The 1.7-acre Parsonage Lane estate owned by Sanjay Valvani is on the market for $13.5 million, which is $1.4 million more than it was originally listed for last July. Valvani died of an apparent suicide in June 2016, following his arrest on insider trading charges. He was accused of using confidential information from a former FDA official to illegally earn millions. Harald Grant of Sotheby’s International has the listing. [NYP]