Michael Gelband Launches $8 Billion Hedge Fund

Michael Gelband Launches $8 Billion Hedge Fund

 

From Bloomberg.  Read more here:

By

Saijel Kishan

and

Yalman Onaran

May 21, 2018, 8:55 AM EDT Updated on May 21, 2018, 10:48 AM EDT

Michael Gelband spent much of his career playing second fiddle to Wall Street chieftains. Now he’s stepping to the fore with the biggest hedge fund startup ever.

His firm is expected to start next month with $8 billion, according to people with knowledge of the matter. In the uneasy atmosphere of hedge funds, it’s a staggering amount. Not to mention that Gelband’s investors are paying through the nose to park money with him as other hedge funds cut fees, see assets shrink or shut […] Read more

Palm Beach Real Estate Market Is On Fire

Palm Beach Real Estate Market Is On Fire

Worries of the Trump Effect turning negative for our beloved island have been proven unfounded as the real estate market has taken off to the upside.

The Palm Beach Daily News Darrell Hoffheinz aptly documents and

 

Palm Beach real estate: What were the season’s biggest sales?

REAL-ESTATE

 

The season that just ended saw Palm Beach homebuyers and sellers inking contracts at a dizzying pace, a sea change from the same eight-month period last year.

And real estate watchers whose eyes were trained on the top of the market likely found their heads swimming as they tried to keep track […] Read more