In this article we report on the controlled synthesis of asymmetric lemon-shaped and dumbbell-shaped multi-compartment nanoparticles (MCPs) with a reactive surface and interesting morphology. In our approach we utilize partial coating of hematite ellipsoids with a hydrophobic polymer layer followed by selective silica deposition on the non-coated surface. Ellipsoidal hematite particles provide a non-centric asymmetry, which is strongly enhanced during the seeded emulsion polymerization. The asymmetric growth of polymers on the hematite particle surface is driven by phase separation phenomena, which lead to a reduction of the interfacial tension. We found the tips of the hematite ellipsoids to be uncovered after polymerization. A selective deposition of silica onto the free tips leads to dumbbell-shaped particles with hydrophilic and hydrophobic parts.