By Jan Sjostrom – Daily News Arts Editor
Read Original: Palm Beach Daily News
The Norton Museum, which has been edging toward its $100 million capital campaign goal, rocketed past it last week with a $16 million donation from hedge fund billionaire and seasonal Palm Beach resident Ken Griffin.
The gift from the Kenneth C. Griffin Charitable Fund — the largest cash donation in the West Palm Beach museum’s 77-year history — brings the total raised for the Norton’s Norman Foster-designed expansion to $107 million.
And that’s not all. Griffin also plans to donate an additional $4 million to endow the director’s position.
“It raises the bar that someone like Ken, […] Read more
Worries of the Trump Effect turning negative for our beloved island have been proven unfounded as the real estate market has taken off to the upside.
The Palm Beach Daily News Darrell Hoffheinz aptly documents and
Palm Beach real estate: What were the season’s biggest sales?
The season that just ended saw Palm Beach homebuyers and sellers inking contracts at a dizzying pace, a sea change from the same eight-month period last year.
And real estate watchers whose eyes were trained on the top of the market likely found their heads swimming as they tried to keep track […] Read more
Way to go, Ken !!
BY Sharon Donnelly– Palm Beach Daily News
In academia, there are the guys who teach economics, theorize economics, write economics and win Nobel Prizes in economics, and then there’s the guy who strides in, slaps a horse gagger on the table and shows what real money is.
That guy is Ken Griffin.
The University of Chicago has announced that the seasonal Palm Beach resident is the donor of $125 million, earmarked for the Department of Economics. It brings Griffin’s total support of the department to $150 million and is the second-largest gift in the school’s history.
That’s right, second-largest. The first is $300 million […] Read more
Read original here: Barron’s
LAWRENCE C. STRAUSS AND ERIC UHLFELDER
The winner of Barron’s Penta’s 2017 ranking of the Top 100 Hedge Funds doesn’t tick a lot of the boxes for the typical big investor. There’s one mark, however, that would catch any investor’s eye: performance.
Amid wildly erratic hedge fund results, our victor, Madrid-based Alantra Asset Management’s $390 million EQMC Europe Development Capital fund (Class A), posted a 26% annualized return net of expenses from 2014 through 2016. In contrast, the average hedge fund’s annualized three-year return didn’t quite reach 3% in that time, according to BarclayHedge’s return database. EQMC’s gains were nearly […] Read more
Read original From The Shiny Sheet
Palm Beach resident Ken Griffin today got the official green light to expand slightly the long-and-lean seaside house he wants to build on Billionaires Row, where the hedge-fund billionaire already had earned town approval for a residence stretching more than a football field in length.
The house’s main level increased by almost 4,500 square feet of interior space to just under 38,000 square feet in the revisions unanimously approved by the Architectural Commission. The service basement adds another 22,300 square feet, creating a 60,000-square-foot building.
The house at 1265 S. Ocean Blvd. now measures 476 feet in length — 10½ feet longer […] Read more
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
Our April deal making, networking, friendship forging and educational event was a huge success! We would like to thank the Vitorria family for opening their lovely home to our members. The ambiance, food, drink, and company was first class. A few photos of the wonderful evening!!
[…] Read more
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’!