It is with great sadness that the PBHFA learns of hedge fund pioneer E. Lee Hennessee-Gradante sudden passing at the age of 64. From the Palm Beach Post She was found in her $1.6 million condo Saturday, but her identity was not immediately released by police. “Lee touched us all in a way that will...Read More
Head honcho at Miami based, $19 billion Appaloosa Management, David Tepper, trashes both Donald Trump and Hillary Clinton. From Forbes by Nathan Vardi Billionaire David Tepper, arguably the top hedge fund manager and investor of his generation, said on Monday that the presidential election represented “a fairly bad choice at the top.” A blunt...Read More
From The Daily News Here’s a list of Palm Beachers — full-time and seasonal — on the 2016 Forbes 400: * Industrialist David Koch, 76, with $42 billion (up from $41 billion in 2015), tied for seventh place * Investor Carl Icahn, 80, with $15.7 billion (down from $20.5 billion), in 26th place * Discount...Read More
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
