From Reuters Hedge funds are starting the year off negative. Professional money managers gathered at an elite Morgan Stanley investment conference in Palm Beach, Florida this week expressed a range of pessimistic market views, including so-called bearish takes on the energy sector, China, and stocks such as Valeant Pharmaceuticals and SolarCity. Paul Tudor Jones, the billionaire head of hedge fund firm Tudor Investment Corp, said...Read More
From CNBC We welcome billionaire hedge fund manager David Tepper’s Appaloosa Management to South Florida! The latest large financial firm to establish itself in the Sunshine State is Appaloosa, the $18.6 billion hedge fund manager led by David Tepper. Appaloosa recently opened a small office on Washington Avenue in the heart of South Beach, the Miami area’s flagship vacation destination, according to public securities filings...Read More
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...Read More
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...Read More
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.Read More
