Tudor Jones Parties On Palm Beach To Save Swamp

Tudor Jones Parties On Palm Beach To Save Swamp

From Bloomberg

 

 

By Amanda Gordon

 

A $2.4 billion proposal seeks to fix that by filling the swamp — that is, by directing water south from Lake Okeechobee toward Florida Bay. The idea has been around for a while, but only now is there the political will and funding to get it done, according to Jones and colleagues at the foundation. Bills were introduced in Florida’s legislature this year to buy mostly sugar land south of the lake, and then build a reservoir there to clean water before it’s sent south. The sugar industry has said it will cut into the region’s farmland, […] Read more

12 Hedge Funders Under 30 Years Old

12 Hedge Funders Under 30 Years Old

Hedge funders dominated Forbes’ most recent “30 Under 30” list for finance.

Twelve of them are on the 2017 list, including Michael Buckley, who works at Stanley Druckenmiller’s Duquesne Capital, and Anthony Massaro, who works at Bill Ackman’s Pershing Square Capital Management.

The list for finance was chosen by a pool of judges comprising Sonia Gardner, the cofounder of Avenue Capital Group; Thomas H. Lee, the founder of Lee Equity Partners; and Jennifer Fan, a portfolio manager at Millennium Management.

The acceptance rate to the list is under 4%, according to Forbes.

The twelve hedge fund staffers who made it to the list were: […] Read more

PBHFA Founder Consults With Israeli Economic Minister

PBHFA Founder Consults With Israeli Economic Minister

Dave Goodboy, PBHFA Founder, Robert Asaturyan, PBHFA’s Director of Eastern European Investor Relations and Thalius Hecksher, Trident Fund Services Global Director had the honor of consulting with Inon Elroy, Israeli Economic Minister to the United States on Monday, January 23 at the Miami Innovation Center.  PBHFA member Ric Scheinkman of Harpia Capital was kind enough to do the introductions.  I would also like to thank Natalie Martinez-Kalinina and Brooke Wallis of the Innovation Center for welcoming everyone.

We discussed the growth of money management firms and high-tech in Israel, as well as cross-border trade potential between South Florida, Tel Aviv, and […] Read more

Scaramucci Looks To Sell SkyBridge

Scaramucci Looks To Sell SkyBridge

By Lawrence Delevingne | NEW YORK FROM REUTERS

SkyBridge Capital, the hedge fund investment firm founded by outspoken industry defender Anthony Scaramucci, is for sale, according to a person familiar with the situation.

Scaramucci, a fundraiser and adviser to President-elect Donald Trump, recently began an auction process for the New York-based firm as he considers potential roles in the Trump administration, according to the person, who requested anonymity because the information is private.

More than a dozen potential bidders, including wealth management and private equity firms, have signed non-disclosure agreements to review SkyBridge’s financial results, the person said.

 

News of the potential sale was […] Read more

Top 10 Hedge Fund Trends For 2017

Top 10 Hedge Fund Trends For 2017

Each year, Agecroft Partners predicts the top hedge fund industry trends through their contact with more than 2,000 institutional investors and hundreds of hedge fund organizations. The hedge fund industry is very dynamic and both managers and investors can benefit from anticipating, and preparing for, what changes are likely to occur. Those who effectively evolve with the industry will succeed, while stagnant firms will be left behind. Below are Agecroft’s predictions for the biggest trends in the hedge fund industry for 2016.  Read more here

Reduction of expected returns for a diversified Hedge Fund portfolio.  Hedge fund performance is driven by […] Read more

David Ganek Seeks Revenge On Attorney General

David Ganek Seeks Revenge On Attorney General

From Fortune : read more here

By Bethany McLean

 

The anger is always lurking just below the surface for David Ganek. And as the pugnacious money manager begins to recount the events that led him to lose his hedge fund business, his influence as a patron of contemporary art, his status in Manhattan society, and some of his longtime friends, it threatens to boil over.

We’re sitting in a large conference room in Ganek’s office on the 45th floor of a Midtown Manhattan office building, just a few blocks away from where he used to preside over the $4 billion Level Global Investors […] Read more

PBHFA Founder Quoted In Real Deal Article

PBHFA Founder Quoted In Real Deal Article

Hedge funds swarm into Palm Beach
Influx of asset management firms is driving up commercial rents

October 05, 2016
By Dan Weil

The City of Palm Beach and neighboring West Palm Beach are becoming ever more attractive to alternative asset managers. Some firms that have long been based in money management strongholds like New York, Boston and Greenwich are picking up stakes and moving to the Sunshine State.

“We definitely could become a little Greenwich, Connecticut,” said Jeff Greene, a billionaire real estate investor and developer living in Palm Beach. He said he’s friendly with several hedge fund chiefs who’ve opened offices in […] Read more

A Few Photos From Our Intimate Boat Show Gathering

A Few Photos From Our Intimate Boat Show Gathering

 

 

On November 3rd, the PBHFA hosted an intimate gathering at the Ft. Lauderdale Boat Show. Sponsored by Andrew LaBuhn and Camper & Nicholsons International, the gathering proved to be educational and entertaining for everyone involved.

We met at the Camper&Nicholsons VIP lounge prior to touring several storied yachts.

Next, we met with the folks from Ferretti Yachts, Palm Beach for a tour aboard their fleet of Pershings

 

 

Our next stop took us to the incredible fishing inspired yacht Buckpasser for a personal tour conducted by Captain Larry.

Buckpasser is owned by Bessemer Trust’s Phipps Family from Palm Beach and brokered by Andrew LaBuhn.  Captain […] Read more

Hedge Fund Pioneer E. Lee Hennessee-Gradante Found Dead

Hedge Fund Pioneer E. Lee Hennessee-Gradante Found Dead

It is with great sadness that the PBHFA learns of hedge fund pioneer E. Lee Hennessee-Gradante sudden passing at the age of 64.

From the Palm Beach Post

 

She was found in her $1.6 million condo Saturday, but her identity was not immediately released by police.

“Lee touched us all in a way that will have a lasting positive impact on my life and the lives of so many others,” said Charles Gradante, her husband and business partner and fellow media pundit, in a statement.

E. Lee Hennessee-Gradante

She broke ground as a woman on male-dominated Wall Street, creating a hedge fund index and becoming a […] Read more

David Tepper Trashes Both Presidential Candidates

David Tepper Trashes Both Presidential Candidates

Head honcho at Miami based, $19 billion Appaloosa Management, David Tepper, trashes both Donald Trump and Hillary Clinton.

From Forbes by Nathan Vardi

 

Billionaire David Tepper, arguably the top hedge fund manager and investor of his generation, said on Monday that the presidential election represented “a fairly bad choice at the top.”

A blunt speaker who generally likes to limit his appearances in the media spotlight, Tepper was candid in his assessment of the contenders for president, Hillary Clinton and Donald Trump, in remarks to CNBC on Monday.

“You have one person with questionable judgment and the other person may be demented, narcissistic and […] Read more