Palm Beach Hedge Fundee Donates $125 Million to University of Chicago

Palm Beach Hedge Fundee Donates $125 Million to University of Chicago

Way to go, Ken !!

 

BY Sharon Donnelly– Palm Beach Daily News

 

In academia, there are the guys who teach economics, theorize economics, write economics and win Nobel Prizes in economics, and then there’s the guy who strides in, slaps a horse gagger on the table and shows what real money is.

That guy is Ken Griffin.

The University of Chicago has announced that the seasonal Palm Beach resident is the donor of $125 million, earmarked for the Department of Economics. It brings Griffin’s total support of the department to $150 million and is the second-largest gift in the school’s history.

That’s right, second-largest. The first is $300 million […] Read more

Ken Griffin’s House Hits 60,000 Square Feet

Ken Griffin’s House Hits 60,000 Square Feet

 

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

DONALD TRUMP, WEST PALM BEACH AND THE RISE OF THE NEW WALL STREET

DONALD TRUMP, WEST PALM BEACH AND THE RISE OF THE NEW WALL STREET

By Leah McGrath Goodman

 

PBHFA Founder David Goodboy Featured in Newsweek Article

he night I flew into West Palm Beach, a string of deadly tornadoes ripped across Florida. High winds pounded surf against jagged coastline and whipsawed the 100-foot-tall trees along Royal Palm Way—what locals call Bankers’ Row.

It was just a few days after Donald Trump’s inauguration. A couple of miles down the road, seemingly oblivious to the approaching storm, hundreds of revelers packed Mar-a-Lago, the Great Gatsby–esque private resort Trump has dubbed his “Winter White House,” to fete their new king. The private event, attended by Palm Beach’s billionaires, entrepreneurs and […] Read more

The PBHFA In Vanity Fair

The PBHFA In Vanity Fair

BY Bess Levin    Read original here

In simpler times, Mar-a-Lago was a mere Palm Beach club, owned by a businessman who often feuded with the locals over things like the height of his flags and whether or not officials were routing air traffic overhead as a “deliberate and malicious act.” Now, it’s the new Camp David—the “Southern White House,” in the present vernacular—where the president of the United States entertains foreign leaders and paying guests alike, and where those who can afford the recently doubled $200,000 initiation fee can enjoy their wedge salads with a side […] Read more

November 10th –Private Hedge Fund Executive Dinner

The PBHFA in conjunction with esentire is hosting an exclusive hedge fund manager/executive gourmet dinner at Shareef Malnik’s iconic The Forge restaurant on Thursday, November 10th.

This first class, gourmet dinner is exclusively for hedge fund managers and executives of established funds.

Contact genevieve@pbhfa.org for invitation qualifications

The evening promises to be one of high level economic, strategic planning, and network security discussions with South Florida’s leading financial minds at Miami’s most exclusive gourmet dining location.

I look forward to joining you there!!

[…] Read more

A Few Photos From Our 2016-2017 Kick Off Event !!!

A Few Photos From Our 2016-2017 Kick Off Event !!!

Hillevi Dahlin, Elliot Stiefel

Brad Ellman, Shawn Mostal, Matthew Welding

Roberta Kjelgaard, Mike Mazzola

Brian Taylor, Matt Welding, April Klimley

Vince Gioeni, Brom Rettor

Lewis Greenberg, Matthew Demeter

Joe Iannino, Shawn Mostal, Rafael Beck, Mike Stupay, Diane Murphy, Arthur Iskhakov

Brian Taylor, Dave Goodboy

Tyler Wright, Lilia Torchio

Derrick Wenger, Adam Lorraine

Shawn Mostal, Catherine Octave, Lewis Greenberg

Chris Fetes, Jason Lowe

Cat Castan, William Madden

Jonathan Beaton, John Strzalka, Nick Kahn

Vishal Harpalani, Sean Harrington, Catheline Octave

Matt Luciano, Kathryn Dunkley

[…] Read more

25 Billionaires Call Palm Beach Home

25 Billionaires Call Palm Beach Home

As if hedge funds needed another reason to relocate to Palm Beach!  According to Forbes 2016 list of the world’s billionaires, 25 call the tiny island of Palm Beach home.  Talk about a massive concentration of wealth!

Here is a list compiled by the Palm Beach Daily New‘s Darrell Hofheinz of billionaires with connections to Palm Beach,

Here is a list of other Palm Beachers who made Forbes’ cut — some with primary homes here, some seasonal residents and still others who simply own property on the island. This list also notes some of those islanders’ whose net worth changed dramatically from […] Read more

PB Hedge Fundee Gets $2 Million Property Tax Bill

PB Hedge Fundee Gets $2 Million Property Tax Bill

From Palm Beach Daily News

By Darrell Hofheinz

Daily News Real Estate Writer

For the first time ever, an owner of a Palm Beach estate will pay more than $2 million in property taxes, thanks to the 2015 tax roll recently certified by the state.

Luckily for him, the fellow involved has deep pockets. It’s Chicago hedge-funder Ken Griffin, who owns 9.3 acres on the South End’s Billionaires Row and whose worth is estimated by Forbes at $3.1 billion.

Griffin is among at least 39 Palm Beach property owners who have been billed more than $500,000 each for their 2015 taxes, according […] Read more

Oil Bull Trades From Palm Beach Office

Source: Wall Street Journal

CHRISTIAN BERTHELSEN

Updated Oct. 12, 2015 8:03 p.m. ET

0 COMMENTS

Andrew Hall’s faith in an oil-market rebound isn’t shaken, but it isn’t paying off, either.

The main fund at Mr. Hall’s Astenbeck Capital Management LLC lost 7% in September, according to investor documents reviewed by The Wall Street Journal, leaving it down 20% for 2015 as of Oct. 1 and on track for its worst year since its inception in 2008.

The decline is noteworthy because Mr. Hall is one of the most visible traders left standing who is betting that oil prices will soar. U.S.-traded crude slumped $2.53, or 5.1%, […] 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