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South Florida

Hedge funder buys condo at Auberge in Fort Lauderdale

Garth Friesen is the author of the book "Bite the ass off a bear"

Garth Friesen and Auberge Beach Residences & Spa
Garth Friesen and Auberge Beach Residences & Spa

UPDATED, Feb. 25, 3:39 p.m.: Hedge fund manager Garth Friesen and his wife paid $7 million for a condo at Auberge Beach Residences & Spa’s South Tower in Fort Lauderdale.

The Friesens bought the 4,098-square-foot unit at 2200 North Ocean Boulevard for $1,708 per square foot, records show. The condo has four bedrooms and five bathrooms and is one of the first units to close at the 23-story South Tower.

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Garth Friesen is the CEO of III Capital, a hedge fund specializing in fixed-income and credit, according to his website. He is also the author of the book “Bite the ass off a bear,” which describes itself as an insider’s account of how to get started as a trader.

The Related Group, Fortune International Group and the Fairwinds Group developed Auberge. Buyers include Citrix CEO David Henshall, former Miami Dolphins quarterback Dan Marino and Jacob Trouba of the Winnipeg Jets. Last year, the son of Salmar Properties founder Sal Rusi paid $9.3 million for a penthouse in the north tower.

Auberge’s amenities include a full-service salon, plunge pool, and indoor and outdoor cabanas.