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Outback Steakhouse Founder Swaps Mansions With Hedge Fund Executive

Outback Steakhouse Founder Swaps Mansions With Hedge Fund Executive

 

By Brian Bandell  – Senior Reporter, South Florida Business Journal
Jul 10, 2019, 2:06pm EDT

FROM SOUTH FLORIDA BUSINESS JOURNAL– CLICK HERE FOR FULL ARTIClE

J. Timothy Gannon, the co-founder of Outback Steakhouse and Bloomin’ Brands, has exchanged Palm Beach mansions and millions of dollars with hedge fund executive Laurence M. Austin and wife Molly M. Austin.

Gannon sold his 7,005-square-foot beachfront mansion at 1300 N. Ocean Blvd. for $12.23 million to the Austins. On the same day, the Austins sold their 5,802-square-foot home at 235 Nightingale Trail to Gannon for $5.76 million.

The listing agent for the home at 1300 N. Ocean Blvd. was Lawrence […] Read more

Florida Is the Big Winner as the Wealthy Move Out of Northern States

Florida Is the Big Winner as the Wealthy Move Out of Northern States

 

Gary Gold, David Goodboy, Anna Pomeranets Palm Beach Hedge Fund Association

 
FROM BLOOMBERG:  READ ORIGINAL HERE
 
By

Lee J Miller

and

Wei Lu

May 24, 2019, 11:00 AM EDT

Florida nets $17.2 billion from inbound moves vs outbound

Connecticut, New York, New Jersey face biggest income drains

Roughly 5 million Americans move from one state to another annually and some states are clearly making out better than others.

Florida and South Carolina enjoyed the top economic gains, while Connecticut, New York and New Jersey faced some of the biggest financial drains, according to a Bloomberg analysis of state-to-state moves based on data from the Internal Revenue Service and […] Read more

Castle Ridge Announces Strategic Investment From Canaccord Genuity

Castle Ridge Announces Strategic Investment From Canaccord Genuity

We are proud to announce that our sponsor, Castle Ridge Asset Management has obtained a strategic investment from noted global financial firm Canaccord Genuity!

 

CASTLE RIDGE ASSET MANAGEMENT ANNOUNCES STRATEGIC INVESTMENT FROM CANACCORD GENUITY INC.

TORONTO, May 28, 2019 – Artificial Intelligence powered hedge fund, Castle Ridge Asset Management Limited (“Castle Ridge”), announced today that it has accepted a strategic investment from Canaccord Genuity Group Inc. (“Canaccord Genuity”), a leading global financial services firm that specializes in wealth management and capital markets.

The investment will enable Castle Ridge to expand its distribution channel with Canaccord Genuity Wealth Management, which manages over $60 billion in […] Read more

Wealth Advisers Are Fleeing Big Banks For Smaller Firms

Wealth Advisers Are Fleeing Big Banks For Smaller Firms

From Bloomberg– read original here 
 
By

Sophie Alexander

May 13, 2019, 8:30 AM EDT Updated on May 13, 2019, 1:12 PM EDT

UBS team overseeing $530 million latest to go independent

Breakaway firms have parked $25 billion on Dynasty’s platform

Another day, another team of wealth advisers leaving a Wall Street bank.

Four UBS Group AG private bankers overseeing $530 million in client assets are the latest to strike out on their own, creating a Portland, Maine-based firm called Great Diamond Partners, according to a statement Monday. Last week, five Bank of America Corp. advisers in Atlanta overseeing $450 million in client assets departed, while a $6 billion Texas […] Read more

Forbes Family Trust Buys Optima & AM Global Family Office

Forbes Family Trust Buys Optima & AM Global Family Office

Source: Institutional InvestorIn November, Forbes Family Trust announced it was expanding in the U.S. with the purchase of AM Global Family Investment Office in Palm Beach, Florida. The deal was completed in January.

The parent of Forbes Family Trust has agreed to buy Optima Fund Management, an alternative investment firm with about $2 billion of assets under management.

As part of the deal, Optima founder D. Dixon Boardman will immediately become vice chairman of Forbes Family Trust, according to a statementThursday from its parent FWM Holdings. The firm did not disclose terms of the purchase, which is expected to be completed in the third quarter.

Forbes Family […] Read more

The Right Way To Network & It’s Not With Name Tags

The Right Way To Network & It’s Not With Name Tags

 

I am often asked why we don’t use name tags at most of our socials.  Just ran across the following article from INC Magazine that explains our networking philosophy to a tee.  Enjoy!

Read the original article here 

By Nicolas ColeContributor, Inc.com@Nicolascole77

 

 

The 1 Networking Rule 99 Percent of People Are Afraid to Follow, but Should

How many times have you found yourself at a networking event, only to feel like you’re at a networking event?

I’ll let you in on a little secret: These aren’t the events where real networking is taking place.

I don’t go to networking events. I don’t attend things that require me […] Read more

Palm Beach Global Finance Forum: A Huge Successs!!

Palm Beach Global Finance Forum: A Huge Successs!!

The first annual Palm Beach Global Finance Forum was a huge success across the board!

As nearly 300 hedge fund, wealth, and alternative asset professionals gathered at the beautiful, oceanfront Four Seasons Resort on Palm Beach Island, we quickly learned that this would be no ordinary conference.

Rather than the same old, same old, guests were treated to a tour de force of billionaires, allocators, and cutting edge financial thinkers from the stage.

PBHFA Founder David S. Goodboy chatting with Jeff Greene

 

Names like real estate billionaire Jeff Greene, Terrapin Partner’s Nathan Leight, Marc Bell co-founder of the $9 billion REIT Armour […] Read more

$2.5 Billion RIA Opens Palm Beach Office

$2.5 Billion RIA Opens Palm Beach Office

Hamilton Capital Opens Palm Beach Office, Increases Florida Footprint

Growing RIA offers dynamic asset allocation approach to clients across 42 states

Columbus, Ohio and Palm Beach, Fla. – April 2, 2019 – Hamilton Capital (Hamilton), a Columbus-based registered investment advisor (RIA) with more than $2.5 billion in assets under management (AUM), today announced it has opened an office in Palm Beach, Florida, further expanding its Florida footprint.

“Florida is home to the second highest concentration of Hamilton clients; we look forward to introducing our services to other investors in the thriving […] Read more

West Palm Beach’s Sound Royalties Leading Hedge Funds To 30% Fees ??

West Palm Beach’s Sound Royalties Leading Hedge Funds To 30% Fees ??

FROM BLOOMBERG: CLICK HERE FOR ORIGINAL

 

By Miles Weiss
(Bloomberg) — Stephen Marley comes from music royalty.
Sean Garrett has written and produced smash hits for Beyoncé,
Usher and Ciara.
Even so, when they and hundreds of lesser-known names in
the world of hip-hop and rap needed cash, one Wall Street figure
emerged as an unlikely source behind the financing: hedge-fund
titan Jamie Dinan.
In a few short years, Sound Royalties, a West Palm Beach
firm started within a unit of Dinan’s York Capital Management,
has become ubiquitous in the music industry. Proudly billing
itself as “artist friendly,” it offers cash advances to
musicians, who often have to tide themselves over between
royalty checks […] Read more