From Reuters Hedge funds are starting the year off negative. Professional money managers gathered at an elite Morgan Stanley investment conference in Palm Beach, Florida this week expressed a range of pessimistic market views, including so-called bearish takes on the energy sector, China, and stocks such as Valeant Pharmaceuticals and SolarCity. Paul Tudor Jones, the...Read More
From CNBC We welcome billionaire hedge fund manager David Tepper’s Appaloosa Management to South Florida! The latest large financial firm to establish itself in the Sunshine State is Appaloosa, the $18.6 billion hedge fund manager led by David Tepper. Appaloosa recently opened a small office on Washington Avenue in the heart of South Beach, the...Read More
From Fa-mag.com Being part of the 1 percent just took on new meaning. That’s about the rate at which billionaire Steve Wynn is borrowing against his extensive art collection as wealth management firms push to win business from the world’s ultra-rich. The casino mogul pledged 59 works of art as collateral for a loan...Read More
From New Times By Jess Swanson Aaron Wormus is the chief technology officer of HedgeCo Vest, a hedge-fund company located on Clematis Street in downtown West Palm Beach. Every day on his way to workWormus passes a section of the old Florida East Coast railroad tracks and an overgrown area around it.Wormus, a father and husband,...Read More
MoMA Receives $40 Million Gift from Kenneth C. Griffin Charitable Fund The Museum of Modern Art announced today that the Kenneth C. Griffin Charitable Fund, a fund created by Citadel Founder and CEO Kenneth Griffin, has made a gift of $40 million to MoMA. The gift is one of the largest that MoMA has received...Read More
Institutional Demand Expected To Continue To Drive Flows Into Hedge Funds In 2016 From Value Walk The question the industry faced entering 2015 is the same it faces entering 2016: Will institutional investors maintain their investments and continue to allocate more to hedge funds, and if so, at what rate? Our answer for...Read More
Our November event at The Addison in Boca Raton sponsored by Rolls Royce was the most spectacular yet! The friends, food, drink, cars, and ambiance was truly world class. Not only was the Palm Beach Hedge Fund Association honored to be one of the first groups to witness the unveiling of Rolls Royce’s latest...Read More
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...Read More
Thank you for attending our deal making social at Palm Beach Ferrari. It was great chatting with many of you again and meeting new faces. I know that several deals and multiple constructive business relationships were launched. Not to mention numerous new and old friendships kindled. Together we can turn Palm Beach County and South...Read More
From Miami Herald BY NICHOLAS NEHAMAS The buyer who shattered local real estate records by buying a $60 million Miami Beach penthouse late last month is South Florida-born hedge fund billionaire Kenneth Griffin, according to a report in The New York Times. The Times reported that “people familiar with the deal” said Griffin, the founder and...Read More
