02/10/2009 12:00AM

Investor eyes sale of N.Y. farm

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Jeffrey Tucker, a founding partner in Fairfield Greenwich Group, a hedge fund that reportedly lost $7.5 billion in Bernard Madoff's $50 billion investment scheme, is preparing to put his New York Thoroughbred farm on the market.

The Albany Times-Union reported Tuesday that Tucker, 62, has approached at least one real estate firm in the Saratoga Springs, N.Y., area to list both the 188-acre Stonebridge Farm in Schuylerville and another 230-acre property in Northumberland.

Tucker purchased Stonebridge in 2004 and set about turning it into a showplace. The farm has about 25 horses on it who belong to Tucker, and those also are likely to sell, Stonebridge's general manager, Dennis Brida, told the Times-Union in late December.

Tucker also chaired Empire Racing Associates, a group of breeders and horsemen who had hoped to secure the New York Racing Association's franchise.