PBHFA Director’s Research Challenges Bernie Sander’s Tax Plan

PBHFA Director’s Research Challenges Bernie Sander’s Tax Plan

PBHFA’s Director Dr. Anna Pomeranet’s research on financial transaction taxes was featured in a Wall Street Journal article focused on Bernie Sander’s tax plan.

 

What would Bernie Sanders’ Wall St. tax look like?

By John Carney
Published: Feb 14, 2016 6:36 p.m. ET

 

Bernie Sanders wants to raise a lot of money from Wall Street.

Mr. Sanders’s plan isn’t to ask Wall Street for money. It’s to demand it in the form of a financial-transaction tax.

Proponents claim the tax would collect tens of billions of dollars, discourage speculative and high-frequency trading, and make markets safer and less volatile. Its opponents say the revenue estimates are […] Read more

Hedge Funds Rejoice: Massive Data Center May Domicile In Palm Beach County

Hedge Funds Rejoice: Massive Data Center May Domicile In Palm Beach County

Hedge funds rejoice!  A massive data center may soon make its home in Palm Beach County. Data is what runs the modern financial markets.   Hedge funds, in particular, tend to cluster around data centers for speed and order transmitting efficiency. The following article from the Sun Sentinel explains…..

 

By Skylar Swisher

republished from the Sun Sentinel

Data centers house rows of computer systems that store everything from Netflix videos to financial information. One expert calls the centers the “brain of the digital economy,” and the project’s supporters say it would serve as a powerful economic catalyst if it came to fruition.

Florida is […] Read more

Photos From Our Extraordinary Evening At RoboVault !

Photos From Our Extraordinary Evening At RoboVault !

Our first friendship forging &  dealmaking  event of 2016 was another huge success!

Despite one of the largest rainfalls in history, the event was well attended with South Florida’s hedge fund and alternative finance elite.

Here are a few photos of the evening:

Palm Beach Hedge Fund Association

Palm Beach Hedge Fund Association, Elizabeth Fugler

Doug DeRosa, Palm Beach Hedge Fund Association

Palm Beach Hedge Fund Association, Dav e Goodboy, Anna Pomeranets, Robert Asaturyan, Doug DeRosa

Palm Beach Hedge Fund Association, Dave Goodboy

Palm Beach Hedge Fund Association

Palm Beach Hedge Fund Association 2016

Palm Beach Hedge Fund Association 2016

Palm Beach […] Read more

Hedge Fund Investor Match Making Event Turns Bearish At The Breakers

Hedge Fund Investor Match Making Event Turns Bearish At The Breakers

From Reuters

Hedge funds are starting the year off negative.

Professional money managers gathered at an elite Morgan Stanley investment conference in Palm Beach, Florida this week expressed a range of pessimistic market views, including so-called bearish takes on the energy sector, China, and stocks such as Valeant Pharmaceuticals and SolarCity.

Paul Tudor Jones, the billionaire head of hedge fund firm Tudor Investment Corp, said during a panel discussion that he is negative on commodities, including crude oil, according to people who heard the remarks.

Jones, whose firm invests based on macroeconomic trends, believes that commodity prices will stay low because they are in […] Read more

The PBHFA Welcomes David Tepper To South Florida

The PBHFA Welcomes David Tepper To South Florida

From CNBC

We welcome billionaire hedge fund manager David Tepper’s Appaloosa Management to South Florida!

The latest large financial firm to establish itself in the Sunshine State is Appaloosa, the $18.6 billion hedge fund manager led by David Tepper. Appaloosa recently opened a small office on Washington Avenue in the heart of South Beach, the Miami area’s flagship vacation destination, according to public securities filings made this month and to people familiar with the situation.

Tepper, 58, a former Goldman Sachs junk bond trader who is worth an estimated $11.6 billion according to Forbes magazine, already owns an apartment in Miami Beach, according […] Read more

1% Art Loans For The 1%

1% Art Loans For The 1%

From Fa-mag.com

 

Being part of the 1 percent just took on new meaning.

That’s about the rate at which billionaire Steve Wynn is borrowing against his extensive art collection as wealth management firms push to win business from the world’s ultra-rich.

The casino mogul pledged 59 works of art as collateral for a loan from Bank of America Corp., one of several steps he recently took to raise cash, according to interviews and regulatory filings. The 73-year-old founder of Wynn Resorts Ltd. said the arrangements permit him to borrow at less than 1 percent.

“This is a great time to be poised with ample […] Read more

HedgeCo Vest  CTO Envisions High Line Style Park

HedgeCo Vest CTO Envisions High Line Style Park

From New Times

By Jess Swanson

Aaron Wormus is the chief technology officer of HedgeCo Vest, a hedge-fund company located on Clematis Street in downtown West Palm Beach. Every day on his way to workWormus passes a section of the old Florida East Coast railroad tracks and an overgrown area around it.Wormus, a father and husband, thought the community could use this land in so many ways. He imagined a linear park — like New York City’s High Line — with families going on walks, people exercising, and dogs playing on leashes.Wormus started speaking with other people, and they seemed just as frustrated […] Read more

Palm Beach Hedge Funder Donates $40 Million To MoMA

Palm Beach Hedge Funder Donates $40 Million To MoMA

MoMA Receives $40 Million Gift from Kenneth C. Griffin Charitable Fund

The Museum of Modern Art announced today that the Kenneth C. Griffin Charitable Fund, a fund created by Citadel Founder and CEO Kenneth Griffin, has made a gift of $40 million to MoMA. The gift is one of the largest that MoMA has received in its 85-year history.

[…] Read more

2016 Institutional Demand Expected To Drive Hedge Fund Inflows

2016 Institutional Demand Expected To Drive Hedge Fund Inflows

 

 

Institutional Demand Expected To Continue To Drive Flows Into Hedge Funds In 2016

From Value Walk

The question the industry faced entering 2015 is the same it faces entering 2016: Will institutional investors maintain their investments and continue to allocate more to hedge funds, and if so, at what rate? Our answer for 2015 was, “Yes. Barring a major financial market event, they will.However, if a major market event were to take place, then only the most defensive asset classes would gain new assets…”

Given the areas gaining assets in 2015 (multi-strategy, macro and managed futures, along with long/short equity), investor sentiment toward […] Read more

A Spectacular Evening With Rolls Royce Palm Beach!!

A Spectacular Evening With Rolls Royce Palm Beach!!

 

Our November event at The Addison in Boca Raton sponsored by Rolls Royce was the most spectacular yet!

The friends, food, drink, cars, and ambiance was truly world class.

Not only was the Palm Beach Hedge Fund Association honored to be one of the first groups to witness the unveiling of Rolls Royce’s latest model, The Dawn, the entire evening was full of entertainment and surprises.

Members from across the financial spectrum attended to build new friendships, make deals, and partake in a truly glorious evening. We were even graced with Miss United States Celine Pelofi.

The catered meal was tremendous with Rancher Justin Jackman […] Read more