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

What An Incredible Evening !!

What An Incredible Evening !!

 

 

Our April 26th Deal Making Luxury Soiree was a huge success across the board.  The event was hosted at an incredible $13 million waterfront villa in West Palm Beach courtesy of the Aquantis Group and The Fite Group.

Guests were treated to a sneak peek at the Lamborghini Urus, as well as other Lamborghini models, while provided the opportunity to design their own Italian masterpiece with the team from Lamborghini Palm Beach.

Business deals were made, friendships formed, and peers were united as PBHFA members mingled with guests among the best of the best from private jets, fine wine, craft brew rum, […] Read more

Miami’s Venture City Launches $100 Million Start-Up Fund

Miami’s Venture City Launches $100 Million Start-Up Fund

We are thrilled to see Miami’s theventure.city launch a $100 million start up fund for technology companies.  Thanks to  South Florida becoming a critical global financial hub.  Bravo to Clara Bullrich &  Laura González-Estéfani founders of  theventure.city !!!

By<NANCY DAHLBERG

ndahlberg@miamiherald.com

NOVEMBER 01, 2017 6:00 AM

From The Miami Herald

This summer, when former executives of Facebook, Google, eBay and other hyper-growth companies formed a global “city” based in Miami with everything a tech startup needs to scale internationally, they were missing one key element: the money.

But not anymore.

The founder and CEO of TheVentureCity, Laura González-Estéfani, former director of international business development and mobile partnerships for Facebook, […] Read more

Tudor Investment Corp Sells Land To Brunswick School

Tudor Investment Corp Sells Land To Brunswick School

Original article  From Greenwich time

GREENWICH — Hedge fund giant Paul Tudor Jones has confirmed his company’s intention to sell its property on King Street to Brunswick School, a move that could enlarge the private school’s campus by almost half and nearly double its classroom space.

The deal is not official but an agreement in principle has been reached between the school and Tudor Investment Corporation for the 43 acres. A price has not been revealed by the school and is not expected to be announced until the sale is final.

According to Tudor spokesman Patrick Clifford the company expects to move from its offices […] Read more

Welcome Our Official Head Hunting Partner!

Welcome Our Official Head Hunting Partner!

We are pleased to welcome Arbitrage Search as our official head-hunting partner!

Arbitrage Search is a boutique search firm founded in London in 2011. They have recruited for global banks, hedge funds, family offices and consultancies worldwide having placed candidates in London, Paris, NY, Boston and Hong Kong over the past few years. The types of candidates they have recruited include Head of Trading, Head of Research, Latam Strategist, China Analyst, Credit Analyst, Portfolio Manager, Head of Investor Relations. Their hedge fund clients have ranged from $100m to $15bn AuM. They have also helped firms design and build high performing teams […] Read more

Hedge Funds Go On Offensive

Hedge Funds Go On Offensive

By Matthew Beaton    Read full article here

Hedge funds are written about as a monolith. At best, it’s an industry of personalities; at worst, one of villainous robber barons. Few in the press, much less the public, know about the innovative strategies managers employ to minimize risk, find alpha and maintain low correlations.

Sure, some major shops will get the profile treatment (often for the wrong reasons), but in general, there’s a fundamental disinterest in how managers invest. The strategies are too diverse, the tactics too nuanced, and the public’s demand for information too small for reporters to find and report on them […] Read more

Hedge Fund Launches Increase And Capacity Exceeds $3 Trillion

Hedge Fund Launches Increase And Capacity Exceeds $3 Trillion

Good news for the industry.  From Opalesque

Opalesque Industry Update – New hedge fund launches in 1Q 2017 increased for the first time since the first quarter of 2016 as both hedge funds and equity markets gained through the first part of the year, and measures of financial market volatility fell to record lows.

New hedge fund launches totaled 189 in 1Q, up from 153 in the prior quarter, according to the latest HFR Market Microstructure Report, released today by HFR, the established global leader in the indexation, analysis and research of the global hedge fund industry.

Hedge fund liquidations declined narrowly in […] 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

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

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