$200 Million Condo Sold To Palm Beach Hedge Fundee?

From The Palm Beach Post


By Darrell Hofheinz

Has Palm Beach property owner Ken Griffin inked the largest residential sale in U.S. history by paying $200 million for three floors in a New York City condominium?

It wouldn’t be out of character for the Chicago billionaire, who runs the Citadel hedge fund. Griffin did something similar in Palm Beach a few years ago, you might recall.


In late 2012 he bought four adjacent properties— three directly on the beach — on the South End’s Blossom Way. All told, he paid about $130 million for nearly 8 acres in the largest simultaneous single-buyer/multiple seller deal ever recorded […] Read more

Palm Beach Real Estate Sizzles

From The Real Deal– read more here

Inventory may stand at record low

September 18, 2015 09:45AM
By Dan Weil

Prices for homes in the town of Palm Beach, both single-family houses and condos, continue to soar, as wealthy Americans and foreigners remain enamored with the beachside paradise.


“People have no other place as attractive to put their money,” Les Evans, managing partner of Leslie Evans and Associates, a Palm Beach law firm, told The Real Deal.

His Evans Report, which details quarterly sales of Palm Beach homes, shows that the median price for a single-family home totaled $3.375 million in the second quarter, up 13.4 […] Read more

Family Offices Inside Hedge Funds

From Bloomberg

by Saijel Kishan Margaret Collins


Step inside Table Management, an obscure investment firm in New York, and something strange happens: you’re transported to the rarefied realm ofBill Ackman, the billionaire hedge fund manager.

Table, it turns out, is sort of a secret wrapped in mystery. From the same Manhattan skyscraper as Ackman’sPershing Square Capital Management, Table handles the personal finances of one client: the boss.

Ackman’s setup might seem unusual in the hedge fund business, where managers stake their fortunes on the funds they oversee for clients.


But a growing number of prominent hedge funders are also quietly cordoning off private enclaves for […] Read more

Miami Based Universa Makes A Quick Billion



From The Wall Street Journal


By Juliet Chung

The recent market rout caught some star Wall Street traders by surprise. But not a hedge-fund firm affiliated with “The Black Swan” author Nassim Nicholas Taleb, which gained more than $1 billion on a strategy that seeks to profit from extreme events in financial markets.

Universa Investments LP was up roughly 20% on Monday, according to a person familiar with the matter, a day when the Dow Jones Industrial Average collapsed more than 1,000 points in its largest intraday point decline. The blue-chip index finished down 588 points on the day.

The fund’s returns for […] Read more

Singer Island’s Grey Value Management Wins Award


Singer Island, FL, September 4, 2015- Grey Value Management, LLC located in Singer Island, FL has been awarded winner of the 1st Interactive Brokers Trade of the Week, an international investment competition designed to identify differentiated investment research by hedge fund professionals sponsored by SumZero and Interactive Brokers.

Grey Value Management, LLC is a value-oriented hedge fund located in Singer Island, FL. Managed by Steven Grey, Chief Investment Officer and Ryan Kuyawa, Portfolio Manager, Grey Value Management manages the Grey Value Opportunity Fund, a hedge fund that seeks to maximize absolute returns via a concentrated portfolio of rigorously researched positions.

SumZero is […] Read more

Boca Raton & Miami Make Top 25 Entrepreneurial Cities

By Sujan Patel: Entrepreneur

In business — as in real estate — it’s all about location, location, location. Despite the rise in remote-work arrangements, this sentiment holds true even if you don’t have a physical store. Where you put your headquarters can affect your ability to hire, as well as determine the business partners and investors you have easy access .


Looking to launch your next venture in a business-friendly climate? If you’re lucky enough to live near one of the following communities, you’re in luck. If not, consider whether a move will give your business the best odds possible of succeeding.

Here are […] Read more