The PBHFA Announces Strategic Relationship With FIrst Republic Bank

The PBHFA Announces Strategic Relationship With FIrst Republic Bank

The Palm Beach Hedge Fund Association (PBHFA) announces a strategic relationship with First Republic Bank, a leading hedge fund, private banking, private business banking, and private wealth management institution.  The Partnership enables our members to directly access First Republic’s suite of bespoke wealth management services.

“We are thrilled to work directly with First Republic Bank as a strategic partner.  Their depth of knowledge, investment talent, and a broad range of specialized offerings create an ideal synergy with our hedge fund and ultra-high net worth membership base”, said PBHFA’s Secretary/Treasurer, Dr. Anna Pomeranets.

William E. Benjamin, Senior Relationship Manager First Republic, added “We […] Read more

Meet The Miami Man Behind MoviePass

Meet The Miami Man Behind MoviePass

BY ROB WILE

From Miami Herald– Read More Here

June 28, 2018 07:00 AM

Updated June 28, 2018 06:02 PM

Over the past 10 months, MoviePass has become a darling of cost-conscious moviegoers and a star on the tech scene. In less than a year, It has gained more than 3 million users, lending weight to its claims that the service is changing the way film buffs take in the silver screen.

Some critics haven’t been applauding. The service, which lets users see a movie a day for $9.95 a month, has been panned over its data collection practices. It has also repeatedly shifted its user […] Read more

How Tech Firms Assist Fund Raising

How Tech Firms Assist Fund Raising

A insightful article from hedgeweek.  Read the original here

 

Technology is becoming an important factor when hedge fund managers present their investment strategy to prospective investors. The more agile and sophisticated the technology infrastructure, the more appealing the manager will likely appear. And whereas in times past it would have been too much of a capital expenditure to spend big on IT and keep pace with larger hedge fund shops, technology firms like Eze Software are helping to level the playing field.

“The key for us is to make sure we apply technology to the real problems our clients have or anticipate […] Read more

Will Better Private Schools Mean Explosive Real Estate Values??

Will Better Private Schools Mean Explosive Real Estate Values??

This article makes the case:

 

More high-quality private schools would electrify South Florida real estate

BY JULIETTE MAVROLEON June 17, 2018 09:00 AM

For many decades, South Florida was known as the playground for retirees, who overwhelmingly emigrated from the Northeast United States. These folks simply wanted low taxes and fun in the sun, and good schools didn’t matter to them so much. In the 1980s and ’90s, our region became defined by “Miami Vice” and South Beach (with Miami emerging as the unofficial capital of South America) and again, schools were not a big priority for new residents.

In recent years, South Florida has […] Read more

Palm Beach Hedgee Forecasts Dow 30,000

Palm Beach Hedgee Forecasts Dow 30,000

From Forbes

By Lawrence Carrel ,

 

As the bull market passed its ninth birthday in March, it became the longest and greatest in terms of percentage gains for the Dow Jones Industrial Average since World War II, according the Leuthold Group.

It’s also the second-longest and second-largest bull run for the S&P 500 Index, with only the 1990s technology bubble beating it. Since business cycles end and bull markets turn into bears, where do we stand now? Is there more room to grow?

“I think the Dow is going to 30,000 in the next 18 months,” said Jon Ball, chief investment officer of the Intrinsic Asset […] Read more

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

What An Incredible Evening !!

What An Incredible Evening !!

 

 

Our April 26th Deal Making Luxury Soiree was a huge success across the board.  The event was hosted at an incredible $13 million waterfront villa in West Palm Beach courtesy of the Aquantis Group and The Fite Group.

Guests were treated to a sneak peek at the Lamborghini Urus, as well as other Lamborghini models, while provided the opportunity to design their own Italian masterpiece with the team from Lamborghini Palm Beach.

Business deals were made, friendships formed, and peers were united as PBHFA members mingled with guests among the best of the best from private jets, fine wine, craft brew rum, […] Read more

$55 Billion Finance Firm Moves Headquarters To Miami

$55 Billion Finance Firm Moves Headquarters To Miami

South Florida continues to attract top talent as Starwood Capital Group relocates its headquarters to Miami.

 

Miami listed as the HQ for Connecticut’s third largest finance firm

 

Published 3:55 pm, Wednesday, April 18, 2018

 

On the heels of CEO Barry Sternlicht choosing Miami Beach two years ago as his new home, Starwood Capital Group is now designating Miami as its headquarters, while maintaining space in the Greenwich office building where the firm had previously been based.

Starwood Capital has noted the change on its main website listing primary contact information, while still listing its Greenwich offices at 591 W. Putnam […] Read more

Ken Griffen Shelves Palm Beach Mega Mansion

Ken Griffen Shelves Palm Beach Mega Mansion

From The Real Deal

 

After spending years assembling more than a dozen acres of land in Palm Beach, billionaire hedge-fund honcho Ken Griffin is shutting down construction of his sprawling, planned Billionaires Row project, according to the Palm Beach Daily News.

Last week, Palm Beach officials were sent an email by the town’s head of Planning, Building and Zoning Department, Paul Castro, saying that budget projections for the house came in “substantially higher than initial estimates.”

Griffin paid more than $230 million for the oceanfront land at 1265 South Ocean Boulevard. The price does not include a lakefront parcel and a house reportedly under contract at 10 […] Read more