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The real estate market in hedge fund-heavy Greenwich continues to disappoint: Sales were down nearly 70 percent during the first quarter of 2009 compared with the same time period a year earlier, and the average sale price plummeted 23 percent. The good news? Greenwich-based hedge funds like Steve Cohen's SAC Capital and Paul Tudor Jones's Tudor Investment Corporation scored big gains last month as May "turned into one of the best performing months in history." Does that mean that some newly optimistic financial titan will find the cojones to pay $75 million for Leona Helmsley's former estate, which has been languishing on the market for months now? Let's hope so. It sure would be a pity if the 75-foot outdoor pool and industrial ice cream machine didn't get any use this summer. [Greenwich Time, NYT/Dealbook]