Hedge funds swarm into Palm Beach Influx of asset management firms is driving up commercial rents October 05, 2016 By Dan Weil The City of Palm Beach and neighboring West Palm Beach are becoming ever more attractive to alternative asset managers. Some firms that have long been based in money management strongholds like New York,...Read More
It is with great sadness that the PBHFA learns of hedge fund pioneer E. Lee Hennessee-Gradante sudden passing at the age of 64. From the Palm Beach Post She was found in her $1.6 million condo Saturday, but her identity was not immediately released by police. “Lee touched us all in a way that will...Read More
From Politico By Shane Goldmacher Donald Trump added nine new people, including eight women, to his economic council on Thursday — and more than half the additions have either already given Trump money or have pledged to help raise campaign cash for him and the Republican Party. One new addition, hedge fund manager Anthony Scaramucci,...Read More
From Bloomberg By Hema Parmar SkyBridge Capital, the fund-of-hedge-funds firm run by Anthony Scaramucci, has opened a London office as it seeks to add business in Europe. The office, which will serve as the firm’s European headquarters, is run by Hesham Alquraini, who formerly worked at the Kuwait Investment Office, Scaramucci said Thursday in an...Read More
From Financial Times By Mary Childs “Steve Cohen’s brand was hurt a lot during the insider trading investigations, and he is working very hard to improve his image,” said Don Steinbrugge, founder of Agecroft Partners in Richmond, Virginia. Mr Cohen is having to compete harder for talent, as the “war” to attract the best traders has...Read More
From The Real Deal By Dan Weil Palm Beach County officials are working on bringing hedge funds here from the Northeast, and it’s working, particularly in West Palm Beach and Palm Beach, giving a boost to the Class A office market and the luxury home market. “Three to four years ago we noticed CEOs...Read More
From: Vanity Fair “The Mooch” previously called Donald Trump “an inherited-money dude” and a “hack politician.” BY EMILY JANE FOX When Anthony Scaramucci, the big-league hedge funder and Republican fund-raiser, signed on to join his fellow deep-pocketed New Yorker Donald Trump’s finance committee on Monday, it was a sign that the moderate, moneyed wing of...Read More
Our spring meet & greet deal making social held at Palm Beach’s iconic Tideline Ocean Resort & Spa was a tremendous success. Deal makers, hedge fund pros, traders, academics and economists mingled with investors and sponsors. We were fortunate to be graced by MarketWizard Linda Bradford Raschke and her husband Damon. Damon held court with...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...Read More
