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

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

A Few Photos From Our Ferrari Drive & Ride Party!!

A Few Photos From Our Ferrari Drive & Ride Party!!

Thank you for attending our deal making social at Palm Beach Ferrari.

It was great chatting with many of you again and meeting new faces.

I know that several deals and multiple constructive business relationships were launched. Not to mention numerous new and old friendships kindled.

Together we can turn Palm Beach County and South Florida into the global financial hub it is meant to be.

I truly hope you gained as much value, as well as just pure pleasure, from networking with your peers, driving the stable of Ferraris, and enjoying the amazing appetizers and drinks from PB Catch(the seafood was out of […] Read more

PBHFA Season Launch Party A Roaring Success!!!

Our 2015/16 Season Launch Party proved to be a huge success with a wide cross section of Palm Beach and South Florida investors, hedge fundees, and financial professionals gathering to welcome the 2015/16  deal making, networking, friendship forging and socializing season with the Palm Beach Hedge Fund Association.

The Norton Museum of Art graciously opened their doors and the venue could not have been more ideal for our launch party.

The event would not have been the same without the support of the most extraordinary and exclusive condominium development ever launched in Palm  Beach County, The Bristol.  We would like to extend […] Read more

Palm Beach Real Estate Sizzles

From The Real Deal– read more here

Inventory may stand at record low

September 18, 2015 09:45AM
By Dan Weil

Prices for homes in the town of Palm Beach, both single-family houses and condos, continue to soar, as wealthy Americans and foreigners remain enamored with the beachside paradise.

 

“People have no other place as attractive to put their money,” Les Evans, managing partner of Leslie Evans and Associates, a Palm Beach law firm, told The Real Deal.

His Evans Report, which details quarterly sales of Palm Beach homes, shows that the median price for a single-family home totaled $3.375 million in the second quarter, up 13.4 […] 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

Boca Raton & Miami Make Top 25 Entrepreneurial Cities

By Sujan Patel: Entrepreneur

In business — as in real estate — it’s all about location, location, location. Despite the rise in remote-work arrangements, this sentiment holds true even if you don’t have a physical store. Where you put your headquarters can affect your ability to hire, as well as determine the business partners and investors you have easy access .

 

Looking to launch your next venture in a business-friendly climate? If you’re lucky enough to live near one of the following communities, you’re in luck. If not, consider whether a move will give your business the best odds possible of succeeding.

Here are […] Read more

Billionaire Hedgies Work To Improve West Palm Beach

From PB Post

Purpose Built Communities, an Atlanta nonprofit backed by billionaires Buffet, former hedge fund manager Julian Robertson and Atlanta developer/former Atlanta Hawks owner Tom Cousins, spent three days touring the city and meeting with local leaders. It has its eyes on West Palm Beach’s Northwest, Coleman Park and Pleasant City neighborhoods, areas of entrenched, generational poverty, that are home to 4,700 people.

The foundation picks small…… read more

[…] Read more

Vulture Funds Target Puerto Rico

From: FCIR.ORG

Editor’s note: Puerto Rico is about to default on its $72 billion debt, and its government would like to file bankruptcy — something a commonwealth, unlike a city, is prohibited from doing. Now, there are questions about whether Puerto Rico’s debt crisis might become a national political issue. Puerto Rico Gov. Alejandro García Padilla is calling on U.S. lawmakers to allow for a bankruptcy filing from the island. He told Telemundo: “Puerto Ricans decide the elections in Florida. That’s very important. By deciding the election in Florida, we can decide [who is the next] president of the United States.” So how […] Read more

Stonegate Bank Agrees To Handle Cuba’s Banking

 From: Sun-Sentinel 

Stonegate Bank in Pompano Beach has agreed to open an account for the Cuban government, a move that could speed renewal of diplomatic relations between the U.S. and Cuba.

Stonegate executives agreed to provide banking services to Cuba at the request of the U.S. State Department, a source told the Sun Sentinel.

Dave Seleski, president and CEO of Stonegate, was not available […] Read more