Castle Hallenstein: Home Sweet HomeCitigroup’s former $100 million man has been freed from the tyranny of life as a serf under Czar Kenneth I. But if he wants to keep the nine-figure bonus checks rolling in under his new masters at Occidental Petroleum, he’s gonna need some new patrons.
Now, Citi chose to sell Hall’s business, Phibro, to Occidental for a few nickels rather than simply spin it off as an independent hedge fund. Still, Hall knows where the money is (a lot of it is hidden in the keep of his German castle) and he’s asked the Blackstone Group to find it.
Blackstone’s placement agency, Park Hill Group, is looking to drum up business for Phibro’s commodity-trading fund, specifically from hedge fund investors. That way, Hall has plenty of money from which to earn his 2 and 20. And he’ll need it if he’s to keep up with Cohens on the auction circuit: Hall and Phibro’s other big earners agreed to have a good chunk of their future bonuses deferred.
Phibro reaches out to hedge fund investors [MarketWatch]
Posted by guest , Nov 19, 2009 4:40PM
I've often wondered what one does with a castle. It's got to get awfully drafty in the winter.
Posted by guest , Nov 19, 2009 4:40PM
Shazarchnik, go suck on a kosher dill. You suck, buddy.
Posted by guest , Nov 19, 2009 4:48PM
Can you imagine the cost of upkeep for that pile? Not to mention dealing with the rodents and other wildlife hanging out in the walls and attics of a centuries-old home. Worst of all, it's an ugly house. Unless he inherited the castle from a childless relative or it came as part of the package from marrying some German countess, I don't see why he would spend millions of euros purchasing and maintaining a place like that.
Posted by CoveredLong , Nov 19, 2009 5:02PM
@3 - You seem to know a lot about castles....please tell me why do we build castles in the sky?
Posted by guest , Nov 19, 2009 5:07PM
Greg - is that you??
Posted by guest , Nov 19, 2009 5:10PM
@3 -why?? Why???? are you kidding... it is a CASTLE man -- how cool is that? A CASTLE, - come on.. you are kidding me right --- how many people do you know who own a CASTLE? um,, Prince Charles and ME... get it? geez...Your idiocy is obstructing your envy!
Posted by guest , Nov 19, 2009 5:23PM
having a Castle is cooler than cool..... "dirty bad".
Posted by guest , Nov 19, 2009 5:47PM
Don't hate the castle, hate the game!
or the tax-payer funded bailout of morons who gambled and lost and now get billions in bonuses (not as catchy)
Posted by guest , Nov 19, 2009 7:00PM
This is Greg levels of bad. I've read it twice and don't have the slightest idea what this post is about.
Posted by guest , Nov 19, 2009 7:10PM
This would be easier to understand with some tits/ass to illustrate the point.
Posted by guest , Nov 19, 2009 7:16PM
2nd @10. Hall doesn't have much happening up front but he's def got a nice caboose for such a walking skeleton.
Posted by Jimmy , Nov 20, 2009 7:15AM
"or the tax-payer funded bailout of morons who gambled and lost and now get billions in bonuses (not as catchy"
Hall gambled, and was right. Try not to be such a moron. Hall was the best thing about Citi.
Posted by hedge fund guy , Nov 20, 2009 9:05AM
Very few world class hedge funds use 3rd party marketing firms, wonder what the story is. Most see it as critical to know their investors directly.
Posted by flaunt , Nov 20, 2009 10:07AM
@10 GFY and ask for Shazarella's #. I'm sure you two would get on real nice together.