From PB Post Purpose Built Communities, an Atlanta nonprofit backed by billionaires Buffet, former hedge fund manager Julian Robertson and Atlanta developer/former Atlanta Hawks owner Tom Cousins, spent three days touring the city and meeting with local leaders. It has its eyes on West Palm Beach’s Northwest, Coleman Park and Pleasant City neighborhoods, areas of entrenched, generational...Read More

From: FCIR.ORG Editor’s note: Puerto Rico is about to default on its $72 billion debt, and its government would like to file bankruptcy — something a commonwealth, unlike a city, is prohibited from doing. Now, there are questions about whether Puerto Rico’s debt crisis might become a national political issue. Puerto Rico Gov. Alejandro García Padilla...Read More

From South Florida Business Journal A company controlled by Chicago-based hedge fund Citadel bought a Palm Beach mansion for $15.25 million – snaring five properties on the same street of the wealthy island. Tracy Kamenstein Markin, the widow of an automotive executive, sold the 10,873-square-foot house at 70 Blossom Way to CPPB Holdings, an affiliate...Read More

From Palm Beach Daily News By Shannon Donnelly Daily News Society Editor Yet one more indication that Palm Beach is the money center of the universe: In a new Forbes.com piece on the “20 Richest Families in America,” 11 – yes, 11 – of them have ties to Palm Beach. The names include Koch (live...Read More

From NYT Jean Pigozzi, the venture capitalist and art collector, was lounging by the pool at his villa in Cap d’Antibes early this month, enjoying a rare break from what he calls “the circuit.” After attending the World Economic Forum in Davos in January, he flew to the TED ideas conference in Vancouver, mingling with...Read More

 From CTPost.com “Connecticut’s one of the most beautiful states around, but I live in Florida because it’s a better place to do business,” said Scott, a former Greenwich resident and former venture capitalist. Since he was elected governor in 2010, Scott said he has added 879,000 jobs in Florida and reduced unemployment from 11.2 percent...Read More

From ForwardFlorida.com   With apologies to Horace Greeley and the cause of Manifest Destiny, hedge funds have caught the migratory fever and are loading up their wagons — albeit with office furniture — and pursuing new frontiers such as South Florida, which is viewed as being rife with opportunity (and wealthy residents). New York-based SkyBridge...Read More

 From CNBC More than 900 billionaires have been created worldwide over the past two decades, but a new report says the billionaire boom may be about to end. The global wealth wave that has minted most of the world’s billionaires over the past 20 years could be ending in the next decade or two, said...Read More

From: South Florida Business Journal  Brian Bandell South Florida Business Journal SHARE  Order Reprints  Save Article  Print Enlarge BLOOMBERG Nelson Peltz’s Palm Beach estate is valued at $95 million by the county. Billionaire Nelson Peltz, who owns one of the most expensive mansions in Palm Beach, signed a $23 million mortgage with Bank of America to...Read More

 From: Sun-Sentinel  Stonegate Bank in Pompano Beach has agreed to open an account for the Cuban government, a move that could speed renewal of diplomatic relations between the U.S. and Cuba. Stonegate executives agreed to provide banking services to Cuba at the request of the U.S. State Department, a source told the Sun Sentinel. Dave...Read More