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]
I’ve often wondered what one does with a castle. It’s got to get awfully drafty in the winter.
Shazarchnik, go suck on a kosher dill. You suck, buddy.
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.
@3 – You seem to know a lot about castles….please tell me why do we build castles in the sky?
Greg – is that you??
@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!
having a Castle is cooler than cool….. “dirty bad”.
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)
This is Greg levels of bad. I’ve read it twice and don’t have the slightest idea what this post is about.
This would be easier to understand with some tits/ass to illustrate the point.
2nd @10. Hall doesn’t have much happening up front but he’s def got a nice caboose for such a walking skeleton.
“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.
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.
@10 GFY and ask for Shazarella’s #. I’m sure you two would get on real nice together.