Is The BIllionaire Trend Ending?

 From CNBC

More than 900 billionaires have been created worldwide over the past two decades, but a new report says the billionaire boom may be about to end.

The global wealth wave that has minted most of the world’s billionaires over the past 20 years could be ending […] Read more

Billionaire Nelson Peltz Mortgages Monster Mansion

From: South Florida Business Journal 

Brian Bandell
South Florida Business Journal

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Nelson Peltz’s Palm Beach estate is valued at $95 million by the county.

Billionaire Nelson Peltz, who owns one of the most expensive mansions in Palm Beach, signed a $23 million mortgage with Bank of America to help his estate grow even larger.

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Stonegate Bank Agrees To Handle Cuba’s Banking

 From: Sun-Sentinel 

Stonegate Bank in Pompano Beach has agreed to open an account for the Cuban government, a move that could speed renewal of diplomatic relations between the U.S. and Cuba.

Stonegate executives agreed to provide banking services to Cuba at the request of the U.S. State Department, a source told the Sun Sentinel.

Dave Seleski, president and CEO of Stonegate, was not available […] Read more

Miami 2015: Another Successful Event!!

Our venture south for our final deal-making event of the 2015 Spring season was a roaring success.  Dozens of hedge fund  and financial professionals mingled, chatted, made deals, reconnected, and forged new friendships during the fun, but all too short event. Our organization is exponentially growing organically and I would like to thank everyone involved for helping us achieve our mutual goal of uniting the South Florida hedge fund and financial community into a unified whole.

At the Miami event  were privileged to be joined by funds hosting a variety of unique and alpha producing  strategies.  Everything from traditional long short equity and […] Read more

Paul Tudor Jones Mortgages Palm Beach Home For $53 million

Two months after spending $71.2 million on a landmark oceanfront estate in Palm Beach, billionaire hedge funder Paul Tudor Jones II signed a $53.4 million mortgage for his new property, The Real Deal has learned. The home was the last remaining piece of Casa Apava, a historic 11-acre site that was purchased by developer Dwight Schar in 2004 and sold off in chunks last year. Schar and his wife Martha paid $85.6 million for the estate — including furnishings — along with three lakeside lots, according to the Palm Beach Post.

Now, the two have collected a whopping $116 million from […] Read more

Hedge Funds Move To Florida

From CNBC

.Taxes are low, slick offices are cheap, there’s easy access to wealthy retirees and Latin American markets, and perks like good schools and ocean-front villas abound—not to mention virtually eternal sunshine.

“It’s just a different quality of life,” said Kelly Smallridge, who has been recruiting asset-management firms from the New York area as CEO of Palm Beach County’s Business Development Board. “People spend an […] Read more