From PB Post Purpose Built Communities, an Atlanta nonprofit backed by billionaires Buffet, former hedge fund manager Julian Robertson and Atlanta developer/former Atlanta Hawks owner Tom Cousins, spent three days touring the city and meeting with local leaders. It has its eyes on West Palm Beach’s Northwest, Coleman Park and Pleasant City neighborhoods, areas of entrenched, generational...Read More
From: FCIR.ORG Editor’s note: Puerto Rico is about to default on its $72 billion debt, and its government would like to file bankruptcy — something a commonwealth, unlike a city, is prohibited from doing. Now, there are questions about whether Puerto Rico’s debt crisis might become a national political issue. Puerto Rico Gov. Alejandro García Padilla...Read More
From USA Today It’s summer in the city and we all know what that means: Hedge fund billionaires head to their homes in New York’s swank Hamptons beachfront area …. with angry protesters in tow. Or so it will be this weekend for Dan Loeb, the billionaire founder of Third Point. Loeb, worth an estimated $2.5 billion, is known...Read More
From South Florida Business Journal A company controlled by Chicago-based hedge fund Citadel bought a Palm Beach mansion for $15.25 million – snaring five properties on the same street of the wealthy island. Tracy Kamenstein Markin, the widow of an automotive executive, sold the 10,873-square-foot house at 70 Blossom Way to CPPB Holdings, an affiliate...Read More
From Palm Beach Daily News By Shannon Donnelly Daily News Society Editor Yet one more indication that Palm Beach is the money center of the universe: In a new Forbes.com piece on the “20 Richest Families in America,” 11 – yes, 11 – of them have ties to Palm Beach. The names include Koch (live...Read More
From Politico TALLAHASSEE, Fla. — Rep. Alan Grayson manages hedge funds that use his name in their title, a practice prohibited by congressional ethics rules designed to prevent members from using their elected post for financial gain. The specific ethics provisions tied to the funds Grayson manages, two of which are based in the...Read More
From NYT Jean Pigozzi, the venture capitalist and art collector, was lounging by the pool at his villa in Cap d’Antibes early this month, enjoying a rare break from what he calls “the circuit.” After attending the World Economic Forum in Davos in January, he flew to the TED ideas conference in Vancouver, mingling with...Read More
From CTPost.com “Connecticut’s one of the most beautiful states around, but I live in Florida because it’s a better place to do business,” said Scott, a former Greenwich resident and former venture capitalist. Since he was elected governor in 2010, Scott said he has added 879,000 jobs in Florida and reduced unemployment from 11.2 percent...Read More
From ForwardFlorida.com With apologies to Horace Greeley and the cause of Manifest Destiny, hedge funds have caught the migratory fever and are loading up their wagons — albeit with office furniture — and pursuing new frontiers such as South Florida, which is viewed as being rife with opportunity (and wealthy residents). New York-based SkyBridge...Read More
From the Palm Beach Daily News– Jack and Suzy Welch can definitely draw an audience. The eyes and ears of more than 500 guests, including some three dozen Palm Beachers, were on this power couple at a recent breakfast and book signing at the Palm Beach County Convention Center. Jack Welch looks you straight in...Read More
