Earlier this year, as stock markets began to plunge, famed financier Adam Levinson told Bloomberg that he was building an “anti-portfolio” of developed market bonds as a hedge against inflation. This bearish bet flies in the face of conventional market wisdom of the past decade, which has seen US tech stocks outperform almost everything else to create vast and easy wealth for many people.

Either way, it looks like Levinson remains bullish on US luxury real estate. Records reveal the Singapore-based Graticule Asset Management founder and his wife Brittany paid a whopping $58.5 million for an estate in Los Angeles, marking the fourth-biggest deal of the year in the city.

Located in the ultra-upscale East Gate Bel Air neighborhood, Levinson’s new homes are surrounded by some of the most expensive homes in all of California. The one-acre property last sold for $18.2 million in 2016, when it was acquired as vacant land by the Woodbridge Group, a $1.2 billion Ponzi scheme now-defunct dollars managed by real estate developer Robert Shapiro. While Woodbridge went bankrupt in 2017, the process of liquidating the company’s vast holdings took years; this particular house is one of the last assets for sale.

The vacant lot was developed by Viewpoint Collection in conjunction with design-build firms Plus Development and BULLI, and sold on behalf of Woodbridge’s creditors. Completed this year, the house never had a chance to be officially listed until Levinson picked it up, despite being marketed as a not-so-silent $75 million pocket listing.

Savvy real estate watchers will know that Levinson is not new to Bel Air. In 2019, he lost nearly $40 million on a vacant lot that remains vacant today. He then paid Tom Ford exactly $20 million to buy the designer’s longtime Bel Air house – a modernist structure designed by Richard Neutra known as the Brown-Sidney House. With his new $58 million home, the value of Levinson’s Bel Air portfolio swelled to $116 million.

As for its latest acquisition, the adjoining estate consists of a three-story main house and a guest house that together span approximately 30,000 square feet of living space. In all, there are 9 bedrooms and 15 bathrooms, plus two separate garages that can accommodate a dozen (or more) cars. Naturally, the spaces are enveloped in a slender architecture carved out of a mix of glass, steel and exotic stone.

Since the mansion’s finishes are still being applied, the property has been marketed with digital renderings as opposed to actual photographs, and additional details are scarce. But the multi-level house has walls of glass overlooking spectacular views of the city. There’s an infinity pool, plus lush gardens with palm trees, colorful splashes of bougainvillea, and manicured hedges.

Levinson, 51, was born and raised in Detroit. The Cornell graduate spent ten years working for Goldman Sachs on Wall Street and Asia, before leaving Goldman in 2002 to join Fortress Investment Group, where he earned a reputation as a superstar trader. The Asian arm of Fortress eventually became Graticule, which manages some $3 billion in assets.