BY Michelle Egan Founders Daily Seacoast Banking Corporation of Florida (SBCF) : Otter Creek Advisors scooped up 142,122 additional shares in Seacoast Banking Corporation of Florida during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds...Read More
from Palm Beach Post Land in Palm Beach may indeed be the ultimate luxury, if the oceanfront house approved by the town last week for billionaire owner Ken Griffin is any indication. On Billionaires Row, the low-profile, one-story residence will stretch 105 feet longer than a football field. But it and several outbuildings will...Read More
By Nathan Reiff–investopedia Palm Beach, Florida is likely to evoke images of beautiful ocean views and warm, sandy beaches. But the south Florida town of about 10,000 year-round citizens also contains a startlingly large percentage of the nation’s billionaires. According to a Forbes list of the wealthiest individuals in the United States released earlier in...Read More
From Politico By Shane Goldmacher Donald Trump added nine new people, including eight women, to his economic council on Thursday — and more than half the additions have either already given Trump money or have pledged to help raise campaign cash for him and the Republican Party. One new addition, hedge fund manager Anthony Scaramucci,...Read More
By Rob Copeland, WJS For his son’s bar mitzvah in 2008, hedge-fund manager Murray Huberfeld chartered a JetBlue plane and invited hundreds to an oceanfront party in Palm Beach, Fla. An Orthodox pop star known as the “Jewish Elvis” entertained the guests, who Mr. Huberfeld says included investors in his fund. Intimate ties and fundraising...Read More
From Bloomberg By Hema Parmar SkyBridge Capital, the fund-of-hedge-funds firm run by Anthony Scaramucci, has opened a London office as it seeks to add business in Europe. The office, which will serve as the firm’s European headquarters, is run by Hesham Alquraini, who formerly worked at the Kuwait Investment Office, Scaramucci said Thursday in an...Read More
From Chicago Business by By LISA BERTAGNOLI Dollars for dinos: The Kenneth C. Griffin Charitable Fund has donated $5.5 million to Field Museum to create a new display on Antarctic dinosaurs. Field Museum announced the gift today. The new Antarctic Dinosaurs exhibit will open at the museum in summer 2018 and run through January 2019. After...Read More
From South Florida Business Journal: By: Brian Bandell A company controlled by hedge fund billionaire Kenneth Griffin took out two mortgages for a combined $114 million on land in Palm Beach that he intends to build a mansion on. JPMorgan Chase Bank awarded the mortgages of $101.25 million and $12.75 million to Blossom Way...Read More
From Financial Times By Mary Childs “Steve Cohen’s brand was hurt a lot during the insider trading investigations, and he is working very hard to improve his image,” said Don Steinbrugge, founder of Agecroft Partners in Richmond, Virginia. Mr Cohen is having to compete harder for talent, as the “war” to attract the best traders has...Read More
From Reuters UK voters’ surprise decision to leave the European Union roiled markets on Friday, but hedge funds appear to have avoided crippling losses, according to market data and people familiar with fund performance. Money managers were positioned relatively defensively coming into the vote, meaning they had reduced the amount of capital exposed to market...Read More
