Bloomberg reports that Tudor Investment Corp. clients have asked to pull more than $1 billion from the hedge fund firm founded by billionaire Paul Tudor Jones after three years of lackluster returns. The investor redemption requests were made in recent weeks, according to two people with knowledge of the matter, and follow the exit of several money managers, some of whom spent decades at the...Read More
Point 72 frontman and art collector extraordinaire recently launched the Cohen Veteran Network. The non-profit will be opening between 20 and 25 clinics across the U.S. over the next three to five years, an effort that will cost Cohen $275 million. Steve was inspired by his son, a Gulf War veteran, whom he credits with opening his eyes to the plight of U.S. military veterans....Read More
As if hedge funds needed another reason to relocate to Palm Beach! According to Forbes 2016 list of the world’s billionaires, 25 call the tiny island of Palm Beach home. Talk about a massive concentration of wealth! Here is a list compiled by the Palm Beach Daily New‘s Darrell Hofheinz of billionaires with connections to Palm Beach, Here is a list of other Palm Beachers...Read More
By Jeff Ostrowski- Palm Beach Post Staff Writer From Palm Beach Post The head of Florida’s $140 billion pension plan admits that hedge funds are complicated, costly and fraught with potential pitfalls. But properly managed, the contentious investment vehicles produce a handsome profit, says Ash Williams, executive director and chief investment officer at Florida’s State Board of Administration, which oversees the retirement fund for...Read More
From Bloomberg By: Miles Weiss New Jersey lost its richest resident late last year when billionaire David Tepper decamped to the tax friendly climes of Florida. Tepper registered to vote in Florida last October, listing his residence as a Miami Beach condominium, and followed up in December by filing a court document declaring that he is now a resident of the state. He also carried out...Read More
