PBHFA News

    From Palm Beach Post The buyers in a record-setting Palm Beach deal recorded at $105 million last year on Billionaires Row have sold a penthouse condominium on the south end of town for $6.5 million. The couple who late last year set a Florida residential price record — via a Palm Beach deal recorded at $105 million — have parted with their penthouse condominium across town for...
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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 of the story for the next year and a half....
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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 24 people, according to a memo from the firm to...
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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 swings and confusion on the street create tremendous opportunities, as...
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We are thrilled to announce a partnership with the exclusive and luxurious Ritz Carlton Residences in Sunny Isle Beach!! Our social held on January 24th was a huge success with hedge fund and money managers mingling with the investor and real estate community of South Florida. New friendships were formed and deals bantered about as we dined on the finest Hor d Oueves and sipped...
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