Time was, you put a house on the market in Greenwich, Connecticut and you got your $35 million asking price in a matter of days- and it didn’t even have to come with 26-toilets, a property that would cause a serious bidding war. Greenwich could count on Wall Street to make it rain ka-ching! on people’s faces come bonus time and those people would in turn say sure, here’s $35 mill in cash, buy yourself something nice and all was right in the world. Now? With this bull shit about putting “greater emphasis on deferred compensation” and “incorporating risk management into performance measures”? It’s making would-be buyers think things through and not jump at relative bargains at $15.95 million. Read more »
If you’ve got a regular thing going with a hooker in Greenwich, please note she may be lying low for a while. Perhaps somewhat more urgently, if you have a scheduled meeting for this week, you ought to consider backing out now as that hooker is a cop and you’re about to get nailed. Read more »
Each year at Christmas, Paul Tudor Jones orchestrates a holiday spectacular on his front lawn, spreading cheer far and wide. People travel from all over to see the display (set to music) and the tradition, which last two full weeks, is much cherished among the residents of Greenwich. As discussed last week, Jones-A-Palooza 2010 is expected to “rival those of past years,” with the possibility for Rockettes, chicken and PTJ dressed as the big man. Anyone who goes will surely have their mind blown and all are welcome, free of charge because Tudor is a very generous man. And yet, according to one Greenwich elected official, he’s not giving enough when it comes to celebrating the birth of Christ. Read more »
A 24-year-old Greenwich man posed as a hedge fund manager and took more than $33,000 from an unemployed Stamford man who was promised $7,000 a month in returns on his investment, police said. Mark Traisman, 24, of 1 Indian Chase Road, Greenwich, was arrested Monday morning at the Stamford Police Department and charged with first-degree larceny and second-degree forgery. He was brought to the Wilton Police Department shortly afterward to face larceny charges, police said. Stamford police Sgt. Peter diSpagna said a 26-year-old Stamford man and his 53-year-old mother came to the Greenwich Police Department in August to report a con in which Traisman allegedly posed as a hedge fund manager and tricked the son into giving him a $30,000 investment. He allegedly told the 26-year-old son that in exchange for the investment he could give him $7,000 to $8,000 a month in returns. [Stamford Advocate via BI]
As we have previously discussed, when one grows up in Greenwich, CT, there are certain expectations. Prep school, college, Wall Street, death. And in the beginning, Garrett Hoelscher did what he was told. He attended the Brunswick school, then Emory and did a summer internship at RBS. But he was just going through the motions. “Nobody there [was] passionate,” he told Business Insider. “It’s all just numbers and spreadsheets.” (Also, people smoked “two packs a day,” which offended him.) But he still took a job working at Wedbush Investments in LA, where the unhappiness followed. It wasn’t until a transformative weekend in Stratton, VT that decided he needed a change. And that’s when Hoeslscher, whose favorite quotation on Facebook is “Don’t talk about it; be about it,” came up with a plan. To sell waffles in Aspen. Read more »
Growing up in Greenwich, with a father who works in finance, there were expectations placed on Matt McCarty. You know the ones. Prep school, followed by an Ivy or Ivy-esque college, a job on Wall Street, all that stuff. And in the beginning, those expectations were met. Matty attended the Brunswick school, then Vanderbilt, and did a summer internship at CRT Capital Group. But he always felt like there was something else he was meant to do. And one day, he got up the courage to go for it. Read more »
Hedge Fund Manager’s Son Is The Guy Connecticut Residents Will Want To Talk To When Convention Of Worst People On Earth Invade Next WeekendBy Bess Levin
As he is the son of an extremely principled man, it’s no surprise to hear that Matt Dalio spends a good portion of his time helping others. The main avenue through which Dalio shows he cares is the China Care Foundation, which Matthew found and which provides “medical care and nurturing to Chinese orphans.” This coming Saturday, CCF will hold it’s annual fundraiser– a concert at the Belle Haven Club (accessible by boat). This is, of course, wonderful– humanity people at all that jazz. And while the children of China will certainly benefit, there is a not insignificant number of people who will be indirectly hurt by this event, and who are, at this very time, quaking in their boots. You see, this year, Dalio and Co decided to go with Dave Matthews as the headliner for the concert. And the neighbors are already terrified.
“We’re expecting a big crowd, an invasion of Dave Matthews followers,” said Lt. Richard Cochran, a Greenwich police spokesman. “So we’re going to have in excess of 40 or 50 officers down there on land. That doesn’t include officers who will be on the boat monitoring boat traffic to keep trespassers from invading the beaches and the surrounding residences down there.”
Unfortunately, Cochran underestimated the sheer will of Dave Matthews Band fans. As a representative of the groupies noted:
“People want to hear their DMB, they’re going to hear their DMB. They’re going to figure out a way. He’s got a cult-like following,” said Jake Vigliotti, a Norwalk native now living in Orlando, Fla., who runs the Dave Matthews fan site AntsMarching.org with two friends.
Forget about stashing your cash with Bank of America, JPMorgan or Citigroup. The real grandfathers of finance take their dough to Fieldpoint Private Bank & Trust. The Greenwich institution was founded by some ex-Merrill Lynch execs, including Dan Tully and David Komansky, in 2008 as a place where senior BSD’s can get the top notch service they deserve. Read more »
We don’t have to tell you bitching about bonuses is getting boring. Thankfully, the good people of Greenwich have nothing bad to say about them, and are actually just happy things are getting back to normal. They are spending like it’s 2005 all over again, although they admit that they’ll have to go about their business in a more demure manner this time around. Decency, and whatnot. “Last year was a big downer,” said Michelle Brunwasser, a partner in the chic Weber art gallery. “Things are definitely better now, and a lot of it has to do with the bonuses.”
Think the worst is over? Think again. Greenwich, CT is probably going to be forced to cut back on its Christmas lights this year, having only raised $30,000 for a display that costs a minimum of $45,000 to put on, if we’re talking bare bones, $60,000 if we want it done up right. Over 2,000 letters have been sent out begging for more money, so far to no avail, while organizer Mary Ann Morrison is already saying she may have to get rid of lights entirely on long stretches of Greenwich Avenue (this is not simply a matter of dimming). And yet, first Selectman Peter Tesei seems unconcerned about the whole thing.
“I’m sure that some angel will come down to provide the money to put them up,” Tesei said. “I’m optimistic that will happen.”