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
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
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
Our April deal making, networking, friendship forging and educational event was a huge success! We would like to thank the Vitorria family for opening their lovely home to our members. The ambiance, food, drink, and company was first class. A few photos of the wonderful evening!!
[…] Read more
Our spring meet & greet deal making social held at Palm Beach’s iconic Tideline Ocean Resort & Spa was a tremendous success. Deal makers, hedge fund pros, traders, academics and economists mingled with investors and sponsors.
We were fortunate to be graced by MarketWizard Linda Bradford Raschke and her husband Damon. Damon held court with stories of his years being a floor broker on the CME for such luminaries as Lous Bacon and Palm Beach’s Paul Tudor Jones. It was absolutely fascinating to say the least!
Deals were discussed, strategies formulated and many new friendships were forged among South Florida’s leading alternative […] Read more
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
Source: Wall Street Journal
Updated Oct. 12, 2015 8:03 p.m. ET
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
Two months after spending $71.2 million on a landmark oceanfront estate in Palm Beach, billionaire hedge funder Paul Tudor Jones II signed a $53.4 million mortgage for his new property, The Real Deal has learned. The home was the last remaining piece of Casa Apava, a historic 11-acre site that was purchased by developer Dwight Schar in 2004 and sold off in chunks last year. Schar and his wife Martha paid $85.6 million for the estate — including furnishings — along with three lakeside lots, according to the Palm Beach Post.
Now, the two have collected a whopping $116 million from […] Read more