PBHFA News

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 from Bank of America Corp., one of several steps he...
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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, thought the community could use this land in so many...
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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 in its 85-year history.
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    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 2015 was, “Yes. Barring a major financial market event, they...
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  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 model, The Dawn, the entire evening was full of entertainment...
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