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Inside a hedge fund manager’s $34 million Pacific Palisades home – DIRT

In the Pacific Palisades waterfront neighborhood of Los Angeles, a gorgeous home recently sold for nearly $34 million. While that figure isn’t quite record-breaking, it represents the second most expensive deal struck in the affluent neighborhood this year, after just the $51 million Tesla’s chief designer recently paid for Adam Levine’s significantly larger estate.

The buyers here are recorded as John Bonello, a longtime Wall Street financial trader, and his new wife, Sarah Greenberg. The couple now own ownership of a mansion in one of the poshest areas of the Palisades, complete with five bedrooms, six full baths and two powder rooms in over 9,000 square feet. According to The Real Deal, the home’s seller was Thomas Giovine, a fellow hedge fund manager and film producer who custom-built the Nantucket-style home in 2009 to designs by renowned studio William Hefner.

Though he’s not exactly a household name, the Financial Times has described Bonello as “one of the greats.” [Wall Street] Players” to exploit the little-known investment strategy of finding gaps between US Treasury bond and futures prices. Top traders of Bonello’s stature could “regularly make profits in excess of $100 million a year,” though Bonello eventually left Wall Street banks to join billionaire Izzy Englander’s Millennium Management hedge fund.

Though New Jersey-based Bonello has long owned expensive homes on the East Coast, the most obvious reason for the sudden purchase of a large home in California is that the 51-year-old was married to Greenberg, 47, a native of New York, earlier this year – runs PR firm FGPR and is now based in Los Angeles.

Greenberg, who was previously married to wealthy Hollywood producer Todd Makurath, still owns a $4 million mansion in Studio City, while Bonello has long owned a sizable estate in Fair Haven, New Jersey, and a multimillion-dollar estate owns a condo in Manhattan that is currently for sale.

The couple’s new Palisades mansion was touted as “one of the most important offerings in decades” and “one of only 12 properties” on what they call “Front Row,” a bluff with unobstructed Pacific views. Some of the other front row houses are owned by the likes of NBCUniversal chairman Steve Burke, Interscope Records CEO John Janick, and several tech entrepreneurs.

Originally listed at $37.5 million last year, the gated structure has multiple stories, classic design features, and ocean views from almost every room.

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