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Dave328383
By Julie Segal-Institutional Investor Covid-19 is not just about immediate economic shocks. The virus is permanently changing how businesses, consumers, and governments operate — which impacts investors’ portfolios, according to PGIM. “The economy will experience a 4.5 percent reduction in 2020, with significant bankruptcies and real near-term economic pain. Fiscal and monetary policy will be much...
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 From Bloomberg: Citadel Securities this week opened an office in Florida to help ensure billionaire Ken Griffin’s giant trading firm can continue at full capacity during the coronavirus pandemic — and cope with the explosion in volume the illness has spurred. The firm opened a new, temporary trading floor in Palm Beach on Monday with...
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Welcome to PBHFA’s March missive! The last few weeks have been quite interesting both socially and in the financial markets. Black swan style events of COVID 19 and geo-political tensions have spiked the VIX sending equities and the oil complex plunging lower. I have not witnessed this type of market action for decades. The index...
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We are thrilled to announce a strategic partnership with the Palm Beach Symphony!   It is exciting to introduce our members to the beautiful music of the symphony.  This world-class institution and the PBHFA’s goals are aligned in elevating our region to being a true global leader in the world of art, commerce & lifestyle. Members...
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New York (CNN Business)The New York Mets have agreed to be sold to hedge fund billionaire Steve Cohen, in a deal that will take five years to complete, the team announced Wednesday evening. During that time the current owner, Fred Wilpon, 83, will continue to serve as the team’s chairman. He bought half the team...
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  From Bloomberg   By Vincent Bielski December 3, 2019, 9:58 AM EST Steven Schonfeld is a hedge fund billionaire of a different breed. He’s almost always in a hoodie, drawn from a closet full of them. He shuns the Wall Street crowd. You’ll never see him at a gala in Manhattan or at Davos...
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  From The New York Times By Maggie Haberman He came of age in Queens, built Trump Tower, starred in “The Apprentice,” bankrupted his businesses six times, and drew cheering crowds and angry protesters to Fifth Avenue after his election. Through it all, President Trump — rich, bombastic and to many Americans the epitome of a...
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From The Wall Street Journal By Liz Hoffman and Bradley Hope Oct. 31, 2019 11:40 am ET Flying over Europe in a private jet last year, Rajeev Misra took his shoes off and propped his bare feet on the knee of a top executive of FIFA, soccer’s governing body. The executive froze while Mr. Misra, head...
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Our first European social held with our partner The Circle Global Family Office was a huge success!   PBHFA members mingled with the global financial elite at the ultra-exclusive Yacht Club de Monaco. Guests were treated to the finest food & drink as The Circle’s CEO Marc Duthoit showed the group a revolutionary method to leverage...
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From Bloomberg PENTA   Firms ranging from UBS Global Wealth Management and Bank of America Private Bank, to smaller institutions such as U.S. Bank’s Ascent Private Capital Management and Wilmington Trust, are beefing up staff and services to focus attention on serving the country’s wealthiest. Newer entrants are rapidly gaining assets in this ultra-wealth sector,...
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