Rob Butts' house

Robert Butts is co-founder of Southpoint Capital Advisors, a New York-based hedge fund. The fund has more than $1 billion in assets under management, according to his bio with Adherex Technologies, a North Carolina-based biotechnology company researching cancer treatments. Southpoint has a substantial stake in the company and Butts sits on the board.

He bought this historic home in 2007 for $5.1 million from Tom Black, another financial executive. U.S. Supreme Court Judge Howell Jackson and his wife, Mary, daughter of Gen. William G. Harding, built the house in 1886. Notable guests over the years include Presidents Grover Cleveland, Theodore Roosevelt and William Taft.