Palm Beach Hedgee Forecasts Dow 30,000

Palm Beach Hedgee Forecasts Dow 30,000

From Forbes

By Lawrence Carrel ,

 

As the bull market passed its ninth birthday in March, it became the longest and greatest in terms of percentage gains for the Dow Jones Industrial Average since World War II, according the Leuthold Group.

It’s also the second-longest and second-largest bull run for the S&P 500 Index, with only the 1990s technology bubble beating it. Since business cycles end and bull markets turn into bears, where do we stand now? Is there more room to grow?

“I think the Dow is going to 30,000 in the next 18 months,” said Jon Ball, chief investment officer of the Intrinsic Asset […] Read more

Palm Beach Real Estate Market Is On Fire

Palm Beach Real Estate Market Is On Fire

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?

REAL-ESTATE

 

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

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

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

DRI Fund Purchases $9 Million Of Non-Performing Loans

DRI Fund Purchases $9 Million Of Non-Performing Loans

PBHFA Founder Dave Goodboy quoted in the article.

 

 

WEST PALM BEACH, FL, April 04, 2018 /24-7PressRelease/ — DRI Fund (“DRI”), is an investment firm with a unique social impact approach.

DRI 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 […] 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

A Fantastic Evening WIth Spicer Jeffries & Cryptocurrency Expert Panel

A Fantastic Evening WIth Spicer Jeffries & Cryptocurrency Expert Panel

Our March 22, meet & greet, deal-making social was a tremendous success!  Our sponsor Spicer Jeffries assembled

a top-notch cryptocurrency expert panel who deftly answered many audience questions and bantered among themselves about what to expect in the volatile world of digital assets.   We learned a tremendous amount about this soon to be leading financial creation.

A wide swath of the South Florida alternative financial community was represented.  Hedge fund managers and quants mingled with investors, technologists, venture capitalists and digital asset experts among many others.

We learned of several pending financial deals,  an employment connection, and investments were discussed in a lively […] Read more

February 26th–28th 2018: Miami Blockchain & Capital Markets Conference

 

We are thrilled to partner with Alternative Assets & CEO Golf Club to bring you The Miami Blockchain & Capital Markets Conference on February 26-28th at Doral National.

The conference is free for accredited investors.

We suggest Accredited Investors make a min $299 tax-deductible donation to Child Life Society, the Venue Sponsor:

Child Life Society, a registered 501 (c) 3 Charity, provides desperately needed medical equipment, vitamins and food supplements, home care assistance and emotional support. Child Life Society also subsidizes therapeutic respite trips for CF patients to Key West, FL, where the pristine and salty aquatic climate helps ease breathing difficulties, rejuvenate and significantly reduce […] 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