Hedge Funder Ken Griffin Gives $20 Million To Norton Museum

Hedge Funder Ken Griffin Gives $20 Million To Norton Museum

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

The PBHFA Announces Strategic Relationship With FIrst Republic Bank

The PBHFA Announces Strategic Relationship With FIrst Republic Bank

The Palm Beach Hedge Fund Association (PBHFA) announces a strategic relationship with First Republic Bank, a leading hedge fund, private banking, private business banking, and private wealth management institution.  The Partnership enables our members to directly access First Republic’s suite of bespoke wealth management services.

“We are thrilled to work directly with First Republic Bank as a strategic partner.  Their depth of knowledge, investment talent, and a broad range of specialized offerings create an ideal synergy with our hedge fund and ultra-high net worth membership base”, said PBHFA’s Secretary/Treasurer, Dr. Anna Pomeranets.

William E. Benjamin, Senior Relationship Manager First Republic, added “We […] Read more

Will Better Private Schools Mean Explosive Real Estate Values??

Will Better Private Schools Mean Explosive Real Estate Values??

This article makes the case:

 

More high-quality private schools would electrify South Florida real estate

BY JULIETTE MAVROLEON June 17, 2018 09:00 AM

For many decades, South Florida was known as the playground for retirees, who overwhelmingly emigrated from the Northeast United States. These folks simply wanted low taxes and fun in the sun, and good schools didn’t matter to them so much. In the 1980s and ’90s, our region became defined by “Miami Vice” and South Beach (with Miami emerging as the unofficial capital of South America) and again, schools were not a big priority for new residents.

In recent years, South Florida has […] Read more

April 26th–Ultra Luxury Deal Making Soiree: SOLD OUT!!!!

 

SOLD OUT!!!   AT CAPACITY!

 

Together with media partner SuperyachtOne, The Palm Beach Hedge Fund Association is thrilled to announce our April Deal Making, Networking Soiree!!!

Sponsored by Arbitrage Search with automobiles provided by Lamborghini—–  PBHFA’s  April deal making meet & greet social promises to be one of friendship, education, and luxury,

Mingle with the PBHFA at an exclusive high tech, waterfront luxury villa on April 26th.

MEMBERS ONLY—  RSVP’s SOON !!  CAPACITY CONSTRAINED

Drinks from Oak & Cane and Hor d’oueves will be served.

 

 

 

 

 

 

 

[…] Read more

Ken Griffen Shelves Palm Beach Mega Mansion

Ken Griffen Shelves Palm Beach Mega Mansion

From The Real Deal

 

After spending years assembling more than a dozen acres of land in Palm Beach, billionaire hedge-fund honcho Ken Griffin is shutting down construction of his sprawling, planned Billionaires Row project, according to the Palm Beach Daily News.

Last week, Palm Beach officials were sent an email by the town’s head of Planning, Building and Zoning Department, Paul Castro, saying that budget projections for the house came in “substantially higher than initial estimates.”

Griffin paid more than $230 million for the oceanfront land at 1265 South Ocean Boulevard. The price does not include a lakefront parcel and a house reportedly under contract at 10 […] Read more

Palm Beach Ranks 2nd On “Power Market” Rich List

Palm Beach Ranks 2nd On “Power Market” Rich List

From Businesses Insider   By 

 

Tanza Loudenback
 

 

Feb. 24, 2018, 12:30 PM
 186,863

Palm Beach ranks second in “Power Markets” of the wealthy.  Second only to Manhattan, Palm Beach continues to shine as a leading domicile.

Luxury real estate“power markets” are the places where rich people spend the most money, says a new report from Coldwell Banker.
Rich people flock to power markets for the best in luxury real estate, lifestyle, and culture.
Power markets in the US are places where the top 5% of home sales by price is the highest.

Location is paramount when money is no object, whether a home is steps from the beach, tucked in the […] Read more

Halite Partners Opens Palm Beach Office

Halite Partners Opens Palm Beach Office

 

We are thrilled to see another investment adviser firm opening an office in Palm Beach.  Welcome!!!

Halite Partners (“Halite”), an SEC registered investment adviser, today announced the appointments of Kevin Kale to Director of Business Development and Nicci Harrell Hicks to Director of Wealth Services. These new hires demonstrate Halite’s ability to attract the top talent to provide best-in-class solutions and services through a transformative model. In addition to the appointments, Halite officially opened its office in Florida.

“Halite is committed to providing our clients with top-tier, investment management and wealth planning services,” said Phil Shaffer, Halite’s founder and CEO. “Kevin and […] Read more

PBHFA Founder Quoted In Alpha Week

PBHFA Founder Quoted In Alpha Week

https://www.alpha-week.com/news/impact-investment-fund-acquires-millions-non-performing-loans

5 February 2018   AlphaWeek Staff     

DRI Fund recently brought in more than $9 million in unpaid principal balance of non-performing loans to assist residents in low and moderate income communities with housing preservation and a path to homeownership.

As an impact investment manager, DRI is also certified by the U.S. Department of Treasury as a Community Development Financial Institution (“CDFI”). CDFIs are mission-driven financial institutions dedicated to providing financial services that meet the needs of underserved communities.

DRI secured the $9.3 million UPB in single-family, non-performing loans with an average loan size of $221,970.40, delinquency of 5 years, note rate at 5.395% and loan-to-value […] Read more

PBHFA Director Published In Journal of Big Data !

PBHFA Director Published In Journal of Big Data !

We are thrilled to announce PBHFA’s director Anna Pomeranets PhD published in the Journal of Big Data:

 

Big Data: Deep Learning for financial sentiment analysis

https://link.springer.com/article/10.1186/s40537-017-0111-6

 

 

Deep Learning and Big Data analytics are two focal points of data science. Deep Learning models have achieved remarkable results in speech recognition and computer vision in recent years. Big Data is important for organizations that need to collect a huge amount of data like a social network and one of the greatest assets to use Deep Learning is analyzing a massive amount of data (Big Data). This advantage makes Deep Learning as a valuable tool for […] Read more