Hedge Fund Launches Increase And Capacity Exceeds $3 Trillion

Hedge Fund Launches Increase And Capacity Exceeds $3 Trillion

Good news for the industry.  From Opalesque

Opalesque Industry Update – New hedge fund launches in 1Q 2017 increased for the first time since the first quarter of 2016 as both hedge funds and equity markets gained through the first part of the year, and measures of financial market volatility fell to record lows.

New hedge fund launches totaled 189 in 1Q, up from 153 in the prior quarter, according to the latest HFR Market Microstructure Report, released today by HFR, the established global leader in the indexation, analysis and research of the global hedge fund industry.

Hedge fund liquidations declined narrowly in […] Read more

PBHFA’s Sponsor Castle Ridge Featured In The Economist

PBHFA’s Sponsor Castle Ridge Featured In The Economist

May 25th, 2017– The Economist

MACHINE-LEARNING is beginning to shake up finance. A subset of artificial intelligence (AI) that excels at finding patterns and making predictions, it used to be the preserve of technology firms. The financial industry has jumped on the bandwagon. To cite just a few examples, “heads of machine-learning” can be found at PwC, a consultancy and auditing firm, at JP Morgan Chase, a large bank, and at Man GLG, a hedge-fund manager. From 2019, anyone seeking to become a “chartered financial analyst”, a sought-after distinction in the industry, will need AI expertise to pass his exams.

Despite the […] Read more

PBHFA Hits Washington Post In Pulitzer Prize Winner’s Feature

PBHFA Hits Washington Post In Pulitzer Prize Winner’s Feature

NOTE:  The Pulitizer Prize winning journalist stated I had “no comment” after  interviewing me—   did  I not tell him what he wanted to hear?  I don’t know– but at least the PBHFA got named checked!   Dave Goodboy

 

Politics

At Mar-a-Lago, the star power of the presidency helps charities — and Trump — make more money

By Drew Harwell and David A. Fahrenthold May 13 at 6:25 PM

https://www.washingtonpost.com/politics/at-mar-a-lago-the-star-power-of-the-presidency-helps-charities–and-trump–make-more-money/2017/05/13/e6bf6782-34ca-11e7-b412-62beef8121f7_story.html?utm_term=.5162cdc06bd6

Wall Street also had a sizable presence at Trump’s club. Although the president has contended that “hedge-fund guys are getting away with murder” when it comes to taxes, his club played host to the Palm Beach Hedge […] Read more

A Great Time At Our May 11 Meet & Greet Social !! (Photos)

A Great Time At Our May 11 Meet & Greet Social !! (Photos)

A fun time was had by all at our May 11 meet & greet, deal making social.  We learned about the first new condo development on Palm Beach in over a decade, networked, talked and made deals, rekindled friendships and made new connections all while enjoying world-class sushi and sipping excellent wine.

We would like to thank Douglas Elliman, 3550 South Ocean, and  ddg  for making it all possible!

Here are a few photos from the evening:

[…] Read more

A Few Pictures From Aboard The Premium Member Yacht Party

A Few Pictures From Aboard The Premium Member Yacht Party

On Friday May 24th 2017,  Palm Beach Hedge Fund Association’s premium members were treated to an exclusive yacht party aboard the 147′ M3.  The boat was built in 2002 and refitted in 2016. The yacht’s interior was designed by Daniella Speicht and her exterior styling is by Intermarine.

Our sincere thanks to major sponsors Roger Dubuis and  Ocean Independence for welcoming our members to their incredible event.

 

[…] Read more

DONALD TRUMP, WEST PALM BEACH AND THE RISE OF THE NEW WALL STREET

DONALD TRUMP, WEST PALM BEACH AND THE RISE OF THE NEW WALL STREET

By Leah McGrath Goodman

 

PBHFA Founder David Goodboy Featured in Newsweek Article

he night I flew into West Palm Beach, a string of deadly tornadoes ripped across Florida. High winds pounded surf against jagged coastline and whipsawed the 100-foot-tall trees along Royal Palm Way—what locals call Bankers’ Row.

It was just a few days after Donald Trump’s inauguration. A couple of miles down the road, seemingly oblivious to the approaching storm, hundreds of revelers packed Mar-a-Lago, the Great Gatsby–esque private resort Trump has dubbed his “Winter White House,” to fete their new king. The private event, attended by Palm Beach’s billionaires, entrepreneurs and […] Read more

An Amazing Evening At Mar A Lago !!

An Amazing Evening At Mar A Lago !!

We had an absolutely incredible evening at Mar A Lago on Thursday.  I would like to extend my sincere thanks to everyone who attended and our sponsor who made it all possible, Castle Ridge Asset Management.

The feedback has been fantastic with the food, location, seminar, and staff all being world class.  A small group headed to the after-glow at the iconic HMF club at the Breakers afterward carrying on the festivities long into the evening.

Here are a few photos of the event.  Looking forward to seeing you at our next soiree’!

 

Palm Beach Hedgefund Association At Mar-a-Lago on Thursday, March […] Read more

The PBHFA In Vanity Fair

The PBHFA In Vanity Fair

BY Bess Levin    Read original here

In simpler times, Mar-a-Lago was a mere Palm Beach club, owned by a businessman who often feuded with the locals over things like the height of his flags and whether or not officials were routing air traffic overhead as a “deliberate and malicious act.” Now, it’s the new Camp David—the “Southern White House,” in the present vernacular—where the president of the United States entertains foreign leaders and paying guests alike, and where those who can afford the recently doubled $200,000 initiation fee can enjoy their wedge salads with a side […] Read more

West Palm Beach: The Wall Street Of The South

West Palm Beach: The Wall Street Of The South

MARCH 14, 2017 • JERILYN KLEIN BIER

From FA magazine

The migration of Northeast asset managers, hedge fund managers and other financial professionals to West Palm Beach, Fla., is continuing at a steady pace, according to Kelly Smallridge, president and CEO of the Business Development Board of Palm Beach County.

Although the activity has tapered a bit from its peak several years ago, when the move by some prominent hedge funds elevated it to national news, “there isn’t a week when I don’t have a company or two contact me,” she tells Financial Advisor. The Northeast, she says, “is a very ripe region […] Read more