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

Ken Griffin Buys A Castle In The Sky

From Miami Herald BY NICHOLAS NEHAMAS

The buyer who shattered local real estate records by buying a $60 million Miami Beach penthouse late last month is South Florida-born hedge fund billionaire Kenneth Griffin, according to a report in The New York Times.

The Times reported that “people familiar with the deal” said Griffin, the founder and CEO of Chicago-based hedge fund Citadel, bought the eight-bedroom penthouse at Faena Housein Mid-Beach for $4,794 per square foot.

Kenneth Griffin. Associated Press

Griffin grew up in Boca Raton and attended Boca Raton Community High School, according to a profile in Chicago Magazine.

Read more here: http://www.miamiherald.com/news/business/real-estate-news/article38073297.html#storylink=cpy
[…] Read more

Family Offices Inside Hedge Funds

From Bloomberg

by Saijel Kishan Margaret Collins

 

Step inside Table Management, an obscure investment firm in New York, and something strange happens: you’re transported to the rarefied realm ofBill Ackman, the billionaire hedge fund manager.

Table, it turns out, is sort of a secret wrapped in mystery. From the same Manhattan skyscraper as Ackman’sPershing Square Capital Management, Table handles the personal finances of one client: the boss.

Ackman’s setup might seem unusual in the hedge fund business, where managers stake their fortunes on the funds they oversee for clients.

 

But a growing number of prominent hedge funders are also quietly cordoning off private enclaves for […] Read more