Palm Beach Global Finance Forum: A Huge Successs!!

Palm Beach Global Finance Forum: A Huge Successs!!

The first annual Palm Beach Global Finance Forum was a huge success across the board!

As nearly 300 hedge fund, wealth, and alternative asset professionals gathered at the beautiful, oceanfront Four Seasons Resort on Palm Beach Island, we quickly learned that this would be no ordinary conference.

Rather than the same old, same old, guests were treated to a tour de force of billionaires, allocators, and cutting edge financial thinkers from the stage.

PBHFA Founder David S. Goodboy chatting with Jeff Greene

 

Names like real estate billionaire Jeff Greene, Terrapin Partner’s Nathan Leight, Marc Bell co-founder of the $9 billion REIT Armour […] Read more

Hedge Fund Managers Flocking To Miami Creates Massive Private School Wait Lists

Hedge Fund Managers Flocking To Miami Creates Massive Private School Wait Lists

Wealthy CEOs and hedge-fund managers are flocking to Miami for the tax breaks, and it’s creating massive waiting lists at the area’s elite private schools

Katie Warren
CLICK HERE FOR ORIGINAL SOURCE-– BUSINESS INSIDER BY KATIE WARREN

“Tax refugees” moving to Florida from New York, New Jersey, California, and other states are prompting huge waiting lists at elite Miami private schools. Getty Images

Wealthy CEOs and hedge-fund managers from high-tax states like New York, New Jersey, and California are flocking to Miami for the tax breaks.
The influx of affluent out-of-state buyers is creating huge waiting lists at the area’s most elite private schools.
One school said the number […] 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

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

An Amazing Evening At Mar A Lago !!

An Amazing Evening At Mar A Lago !!

We had an absolutely incredible evening at Mar A Lago on Thursday.  I would like to extend my sincere thanks to everyone who attended and our sponsor who made it all possible, Castle Ridge Asset Management.

The feedback has been fantastic with the food, location, seminar, and staff all being world class.  A small group headed to the after-glow at the iconic HMF club at the Breakers afterward carrying on the festivities long into the evening.

Here are a few photos of the event.  Looking forward to seeing you at our next soiree’!

 

Palm Beach Hedgefund Association At Mar-a-Lago on Thursday, […] 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

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

Ken Griffin Affiliate Buys Another Palm Beach Home

From South Florida Business Journal

A company controlled by Chicago-based hedge fund Citadel bought a Palm Beach mansion for $15.25 million – snaring five properties on the same street of the wealthy island.

Tracy Kamenstein Markin, the widow of an automotive executive, sold the 10,873-square-foot house at 70 Blossom Way to CPPB Holdings, an affiliate of the hedge fund led by Kenneth Griffin. It was built on the landlocked site of 1.45 acres in 1987 and given an addition in 2012. The home has four bedrooms, eight bathrooms, a pool and a tennis court.

 

The buyer immediately filed […] Read more

Paul Tudor Jones Mortgages Palm Beach Home For $53 million

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