Earlier tonight someone told us about a one-off SAC Capital hire (Shakeeb Alam, previously a senior executive and partner at Boston-based Highfields Capital where he led the firm’s consumer and retail industry investment team, as a PM) that we probably wouldn’t have cared about (because we’re dismissive assholes), except for this– supposedly Alam will be working out of SAC’s “new Chicago office.” When did this happen? We haven’t heard or seen anything about the mini-Steves taking off their shoes, unbuckling their belts and making themselves at home in Ken Griffin’s house, and we (KG) need to mentally prepare for the upheaval (and start deciding what flavors to put in the welcome wagon deep dish pizzas).
Update: Apparently the Chi-town office has been “just getting started over the past couple weeks.” Send your congratulatory Deep D’s to the supposed new space (a block and a half from Citadel’s 131 South Dearborn Street spread):
1 South Dearborn Street Suite 2108
Chicago, Illinois 60603
Here Are Some Thoughts On Men And Wall Street
Jerk Running Ferry To Fire Island Not Up On The Celebs Of Financial Reform
too deep, didn’t dish
obviously the topping is ground up estrogen pills. you can’t taste them when they’re baked in good and when they’re not they just look like big pieces of garlic.
Working for SAC and focusing on consumer and retail means he is likely to be the most sensibly dressed transvestite in the office.
- Fixed Income
The secret to success will be locating their HQ in Geneva, IL. Nothing tops driving 17 hours to get to work and 20 to get home.
@4- see update. the office is in downtown chicago.
same place as shitley austin
1SD is closer to Citadel than the addresses suggest – the buildings share an alley. Every once in a while I see Ken getting picked up when I am leaving Prime.
@5 – thanks dipshit. I know. it was a veiled reference to RCM.
“1SD is closer to Citadel than the addresses suggest – the buildings share an alley.”
Yes, but you still have to cross Monroe.
there definitely isn’t enough room in town for the two of them. literally.
I wonder who else is planning to feast on KG’s rotting carcass? Word in Chitown is that several of the Citadel spinouts have materially outperformed their former master in 2008 and are open for business…and are welcoming KG’s customers and employees with open arms. And several of KG’s former indentured servants are prepping new funds…once their non-competes expire.
http://maps.google.com/maps?q=1%20south%20dearborn%2C%20chicago%2C%20il&oe=utf-8&rls=org.mozilla:en-US:official&client=firefox-a&um=1&ie=UTF-8&sa=N&hl=en&tab=wl
Citadel is at Adams and Dearborn. Share an alley?
The new SAC address is a Regus temporary office, not a permanent address; Regus own the whole floor. Anyone can lease offices by the day, the week, the year, etc. Kenny G has nothing to worry about. PS: they’ll answer the phone as if you owned the place: 312.212.4400.
I have known Shakeeb for a while and he is a very smart and humble guy.
@14- sarcasm? hello? the point is SAC belongs in Stamford, not Chicago. Chicago is Griffin’s town.
@16, right. I failed to catch that twitty sarcasm on all those maps, building descriptions and proximity analysis. Hey but whatever helps you sleep at night…
@17- “proximity analysis”
seriously? did you interpret that map as anything but standard dealbreaker commentary, that while amusing, is generally of the silly sort? also, the point was made that this–all of CHICAGO– is KG’s domain before the update with the address.
sorry, you fail.
“The test of a first-rate intelligence is the ability to hold two opposed ideas in mind at the same time and still retain the ability to function.” (F. Scott Fitzgerald). Epistemically you are incorrect: SAC has now decamped in Chicago. Apparently that provides enough cognitive dissonance as to argue the point ad nauseum. Great job of declaring yourself the winner though – cuts through the confusion!
Clearly you were tipped to this by Shakeeb, what a title you give him! The rest of us in the industry consider him a Senior Analyst and pompously arrogant…
@19/17- 1. do you know what it means to ‘decamp’? it means to leave a place. SAC has not “now decamped in Chicago,” they did the exact opposite of that. try not throwing big words around you don’t know the definition of.
2. you’re clearly new to dealbreaker. feel free to leave, now.
@20- you really think SAC employees are in the business of (secretly or not) issuing press releases?
#20 – Someone has a chip on their shoulder… and btw you don’t speak for “the rest of us in the industry.”
Dealbreaker is wrong. The “House of Ken”, 131 S Dearborn, is one building south of where they have it marked, on the northern corner of Dearborn and Adams.
Also, @7- you must have been referring to the Grill Room, since that is the restaurant next the alley where Ken’s driver usually waits. And 1 SD is not the building the Grill Room is in and it does not share an alley with 131SD. I award you no points and may God have mercy on your soul.
no, you’re wrong @24– doesnt matter where the name is marked, 131 S Dearborn is their official address, as cited by citadel: http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=2920263
and from their site.
Chicago – Our Worldwide Headquarters
Citadel Investment Group, L.L.C.
131 South Dearborn Street
Chicago, IL 60603
@ 25: Are you retarded? I just said that. 131 S Dearborn is Citadel’s address, and it isn’t the building Dealbreaker marked as “The House of Ken”.
I know what I’m talking about. You don’t.
@26- no, you implied that by saying “Apparently the Chi-town office has been “just getting started over the past couple weeks.” Send your congratulatory Deep D’s to the supposed new space (a block and a half from Citadel’s 131 South Dearborn Street spread)” Dealbreaker got the address wrong, which they didn’t.
@ 15, 20, 22, 23
I’ve know Shakeeb for many years; he’s always been quite successful. Though he may not come off as “humble”, owing to his being sharp and confident, he has indeed been quite helpful to some of us throughout the years (e.g., career advice) without expecting anything in return. And no, he wouldn’t be the type to ‘tip-off’ bloggers as to being hired by a fund of note…@ 20 sounds like a disgruntled junior Highfield’s dude (or jealous contemporary).
– PE/VC (conveniently looking to jump to a HF… ;) )
@27- You are still an idiot. I didn’t say Dealbreaker got the address wrong. Reread my post. I said that they Dealbreaker MARKED it wrong on the map.
http://maps.google.com/maps?f=q&source=s_q&hl=en&geocode=&q=131+S+Dearborn+St,+Chicago,+IL+60603&sll=41.879946,-87.628879&sspn=0.002037,0.001639&ie=UTF8&t=h&z=17&iwloc=addr
That is the correct address. One building south of what Dealbreaker mis-marked as the “House of Ken.” Considering Dealbreaker’s obsession, I would have thought they would be more familiar with the building.
@29 “Considering Dealbreaker’s obsession”
sorry, but you’re clearly new here. DB’s obsession is a portly yet successful (in past years) manager in Stamford, not Chicago.
@30 Are you this lame in real life? Dealbreaker has multiple obsessions. Aside from SC and KG, they include Madoff, Sham-wow and bonuses. Kind of like how your obsessions include expressions of your idiocy, defending Dealbreaker when it is incorrect, and cocks in your ass.
@31- dude, you’re completely fucking wrong. writing about something a lot doesn’t mean it’s an obsession. madoff gets written about because IT’S MADOFF. sham-wow has not once been mentioned in a post (i’m not talking about comments). bonuses get written about CAUSE THAT’S ALL ANYONE ANYWHERE talks about. SC and charlie gasparino are DB’s obsessions, KG, is not, or he’s wayyyyy down the list.
http://maps.google.com/maps?q=131+South+Dearborn+Street,+chicago,+illinois&oe=utf-8&rls=org.mozilla:en-US:official&client=firefox-a&um=1&ie=UTF-8&split=0&gl=us&ei=pHbKSceAEd3JtgfS1MyiAw&sa=X&oi=geocode_result&resnum=1&ct=title
the db map is correct, idiot.
33.
1. Please read the user manual for those two white balls on the front of your face.
2. Look at DB’s picture. Now look at your picture. Notice that DB has labelled “The House of Ken” as the building on the south-east corner of Dearborn and Monroe. This is not 131 S Dearborn. 131 S Dearborn is not even in DB’s picture.
3. Go back to your hole.
34 is right. The rest of you need to work on your Citadel trivia.
@ 20 & 28..or maybe a disgruntled HIghfields senior dude?
After getting ass-fucked with $3b+ dollars in losses in 2008 and reversing all of the gains from 2006 and 2007, maybe just maybe … that arrogant grin has been bitch slapped off their mugs.
@ 20 & 28 — or maybe a disgruntled HIghfields senior dude?
After getting ass-fucked with several BILLION dollars in losses in 2008, maybe just maybe that arrogant grin has been bitch slapped off their mugs.
“The rest of us in the industry” don’t even pay attention to those guys.
@ 36/37
what’s the post-mortem on Circuit City? perhaps he wasn’t there for ‘08.
I think they did quite well with CC…and were gone long before the company went BK.
HBK, First Pacific and Wattles got killed on that one.
Coincidentally, Madison Dearborn is at the intersection of Madison & Dearborn