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
PBHFA’s Founder and Managing Director, Dave Goodboy, chaired the Asset Allocation Panel at the Ivy Family Office Plus. We delved into the thought process and investment ideas of four leading names in the Palm Beach region. It was an interesting and very educational seminar for both the panel members and audience. Family Office Trends Agenda March 16th On...Read More
From Palm Beach Daily News: Darrell HofheinzDaily News Real Estate Writer Palm Beach hedge-funder Kenneth G. Tropin is behind the purchase of 1695 North Ocean Way, the new beachfront house built on speculation that changed hands for nearly $44 million in a sale recorded Friday. The Kenneth G. Tropin Revocable Trust bought the house, according to the deed viewable Monday on the Palm Beach County...Read More
The following article from the New York Times reflects significant negative changes that are brewing,,,, It’s critical that we keep close tabs on the situation….. From NEW YORK TIMES By THE EDITORIAL BOARD MARCH 11, 2016 Two Democratic members of the New York State Assembly, Jeffrion Aubry and Sean Ryan, introduced a bill this week to close the “carried interest” loophole, which lets partners at...Read More
