RUMSON: SIDE-BY-SIDE MANSIONS FOR SALE

dawkins-estate3George Hall’s 18,000-square-foot house, as seen from the Navesink in 2008. Below, the Gooch estate next door. (Photo above by John T. Ward; below from Monmouth MLS.Click to enlarge)

By JOHN T. WARD

76 w river rumsonLess than three years after dropping $12 million for one of Rumson’s grandest homes, hedge fund tycoon and Kentucky Derby horseman George Hall has put the place up for sale.

Hall’s 18,000-square-foot West River Road residence, formerly owned by Heisman Trophy winner Pete Dawkins, hit the market last week for $17.2 million.

Well-heeled shoppers for a Navesink River crib might also want to check out Mickey Gooch’s place next door, with an asking price of $16.5 million.

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HALL CLAIMS WIN IN LOCAL BANK STAKES

The Fair Haven office is one of just five for the locally focused bank. (Click to enlarge)

By MIKE BARON

The shareholders of Rumson-Fair Haven Bank & Trust have spoken, and they apparently aren’t all that worried that hedge fund honcho George Hall is going to turn the their well-heeled area into a Pottersville.

Hall is the founder of investment firm Clinton Group, which has more than $2.5 billion in assets under management, according to its website. On May 11, he won his battle to remove William Barrett as chairman of of the five-branch bank after an independent judge finalized the results of the bank’s annual shareholder vote. Hall is replacing Barrett on the board, and a new chairman is set to be chosen when the bank’s directors meet on Monday.

While the area is undoubtedly a far cry from Bedford Falls, the fictional setting of the classic movie “It’s a Wonderful Life,” Barrett had reportedly likened Hall to Henry Potter, the film’s villain, amid criticism by Hall that the bank wasn’t doing enough local lending.

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LEDGER LIVE TEAS UP HALL MANSION

Hedge Fund manager George Hall’s $12 million Rumson mansion – or more precisely, a federal tax loophole that grants people in Hall’s field of work a sweet income-tax bargain – is harshing the mellow for kayaker and Star-Ledger video commentator Brian Donohue.

In Monday’s edition of Ledger Live, host Donohue takes aim at the tax loophole, and finds a Tea Party leader who agrees with him that the break doesn’t make sense, even though the national Tea Party has been blocking closure of the loophole.

The clip also features video from the raucous Tea Party shoutdown of Congressman Frank Pallone – and a woman in a wheelchair – at a town hall meeting held at the Red Bank Middle School in September, 2009.