Month

March 2016
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...
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  By Jeff Ostrowski- Palm Beach Post Staff Writer From Palm Beach Post The head of Florida’s $140 billion pension plan admits that hedge funds are complicated, costly and fraught with potential pitfalls. But properly managed, the contentious investment vehicles produce a handsome profit, says Ash Williams, executive director and chief investment officer at Florida’s...
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From Bloomberg By: Miles Weiss New Jersey lost its richest resident late last year when billionaire David Tepper decamped to the tax friendly climes of Florida. Tepper registered to vote in Florida last October, listing his residence as a Miami Beach condominium, and followed up in December by filing a court document declaring that he is...
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      PBHFA’s Founder and Managing Director, Dave Goodboy, chaired the Asset Allocation Panel at the Ivy Family Office Plus.   We delved into the thought process and investment ideas of four leading names in the Palm Beach region.    It was an interesting and very educational seminar for both the panel members and...
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From Palm Beach Daily News:  Darrell HofheinzDaily News Real Estate Writer Palm Beach hedge-funder Kenneth G. Tropin is behind the purchase of 1695 North Ocean Way, the new beachfront house built on speculation that changed hands for nearly $44 million in a sale recorded Friday. The Kenneth G. Tropin Revocable Trust bought the house, according...
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The following article from the New York Times reflects significant negative changes that are brewing,,,,  It’s critical that we keep close tabs on the situation….. From NEW YORK TIMES By THE EDITORIAL BOARD  MARCH 11, 2016 Two Democratic members of the New York State Assembly, Jeffrion Aubry and Sean Ryan, introduced a bill this week...
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  PBHFA’s founder Dave Goodboy joined an esteemed panel discussion at the IMN’s Alpha Hedge East conference. The panel explored why a manager should relocate to Florida v Texas or the Carolinas. Topics covered include: Tax incentives, Schools and Family, Corporate and Consumer Real Estate Market. The local investor base is explored and explained. Florida...
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From HITC Business One-time high-flying hedge fund manager Phil Falcone, plotting a comeback after a securities industry ban, told CNBC Tuesday he considers his integrity of “utmost importance,” and said he’s trusted by people who know him. The Securities and Exchange Commission in 2012 charged Falcone with securities fraud. The charges included misappropriation of client...
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