By Amanda Rabines From: The Real Deal
Dan Floersheimer, president of Greenwich, Connecticut-based hedge fund and private equity firm Augmentum Advisors, just paid $8.75 million for a Palm Beach home, property records show.
The 5,265-square-foot, contemporary home at 125 Chateaux Drive traded for about $1,662 per square foot. The hedge funder bought the home through a trust in his name.
Records show art collector couple Marvin and Baylie Rosenberg sold the house. Baylie, an agent with One Sotheby’s International Realty, had the listing – along with One Sotheby’s International Realty’s Cristina Condon.
The home first hit the market in 2015 and was listed for as high as […] 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
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
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
From The Real Deal
By Katherine Kallergis | June 29, 2017 11:15AM
Coffee magnate Bob Stiller sold his Palm Beach mansion for nearly $13 million, property records show. Stiller, founder of Keurig Green Mountain, sold the 9,435-square-foot, four-bedroom home at 11 Via Vizcaya to a trust managed by Andrew W. Regan, a New York-based real estate attorney. The property was developed in 2009 and includes a pool, a boat dock and frontage on the Intracoastal.
It also has hard wood and marble floors, a guest apartment and a three-car garage. It’s unclear if a Keurig machine was included in the deal. The two-story mansion was […] Read more
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
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