Dave Goodboy Chairs Asset Allocation Panel At Ivy FON Conference

Dave Goodboy Chairs Asset Allocation Panel At Ivy FON Conference

 

 

 

PBHFA’s Founder and Managing Director, Dave Goodboy, chaired the Asset Allocation Panel at the Ivy Family Office Plus.   We delved into the thought process and investment ideas of four leading names in the Palm Beach region.    It was an interesting and very educational seminar for both the panel members and audience.  

 

Family Office Trends Agenda
March 16th

On Wednesday March 16th we will host a seminar on 2016 Family Office Trends. This event is oriented towards persons in the Family Office industry working primarily for single family offices, Ultra High Net Worth Individuals as well as multi-family offices. We will […] Read more

Palm Beach Hedge Fundee Buys Most Expensive Spec House Ever

Palm Beach Hedge Fundee Buys Most Expensive Spec House Ever

From Palm Beach Daily News: 

Darrell HofheinzDaily News Real Estate Writer

Palm Beach hedge-funder Kenneth G. Tropin is behind the purchase of 1695 North Ocean Way, the new beachfront house built on speculation that changed hands for nearly $44 million in a sale recorded Friday.
The Kenneth G. Tropin Revocable Trust bought the house, according to the deed viewable Monday on the Palm Beach County County Clerk’s website. The Daily News broke the news of the $43.7 million sale on Friday but the buyer had not been identified.
The property is said to be the most expensive spec house ever sold in Palm Beach…..

Read […] Read more

New York Moves To Kill Carried Interest Loop Hole

New York Moves To Kill Carried Interest Loop Hole

The following article from the New York Times reflects significant negative changes that are brewing,,,,  It’s critical that we keep close tabs on the situation…..

From NEW YORK TIMES

By THE EDITORIAL BOARD  MARCH 11, 2016

Two Democratic members of the New York State Assembly, Jeffrion Aubry and Sean Ryan, introduced a bill this week to close the “carried interest” loophole, which lets partners at private equity firms and hedge funds pay a greatly reduced federal tax rate on much of their income.

The measure is the […] Read more

PBHFA’s Founder Speaks At Alpha Hedge East

PBHFA’s Founder Speaks At Alpha Hedge East

 

PBHFA’s founder Dave Goodboy joined an esteemed panel discussion at the IMN’s Alpha Hedge East conference.

The panel explored why a manager should relocate to Florida v Texas or the Carolinas.

Topics covered include: Tax incentives, Schools and Family, Corporate and Consumer Real Estate Market.
The local investor base is explored and explained.
Florida has great access to LATAM, Caribbean and the South East, why a manager might find this attractive.

Moderator:

Rainford Knight, Chief Operating Officer, FLAIA

Panel Participants:

Dave Goodboy, Founder & Managing Director, Palm Beach Hedge Fund Association

Gary Hines, Senior Vice President, Business Development Board of Palm Beach County

Shalin Madan, Managing Director, Strenta Investment Management

 

 

[…] Read more

Phil Falcone Plans Comeback At Alpha Hedge East

Phil Falcone Plans Comeback At Alpha Hedge East

From HITC Business

One-time high-flying hedge fund manager Phil Falcone, plotting a comeback after a securities industry ban, told CNBC Tuesday he considers his integrity of “utmost importance,” and said he’s trusted by people who know him.

The Securities and Exchange Commission in 2012 charged Falcone with securities fraud. The charges included misappropriation of client assets and market manipulation at Harbinger Capital. He settled with the government for $18 million, and agreed to a five-year prohibition from the securities industry.

“I didn’t commit fraud. I didn’t violate securities laws,” Falcone told “ Squawk Box ” Tuesday. “It was a negligence. I […] Read more

Paul Tudor Jones Preps Donald Trump At The Breakers

Paul Tudor Jones Preps Donald Trump At The Breakers

From Bloomberg 

 

In a ballroom at the Breakers resort in Palm Beach, Florida, Saturday night, hedge-fund manager Paul Tudor Jones considered which presidential contender would be best for the Everglades, the state’s swath of tropical wetlands and forest he’s worked for more than 20 years to restore.

Paul Tudor Jones, Glenn Dubin and Tom Brokaw
Photographer: Amanda Gordon/Bloomberg

“I sent Trump a package,” Jones said in an interview, declining to elaborate on its contents. He was standing beside a dinner table covered with ferns and orchids at the Everglades Foundationannual benefit. “I haven’t had a chance to talk to him. I think it’s an […] Read more

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