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...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...Read More
From Bloomberg In a ballroom at the Breakers resort in Palm Beach, Florida, Saturday night, hedge-fund manager Paul Tudor Jones considered which presidential contender would be best for the Everglades, the state’s swath of tropical wetlands and forest he’s worked for more than 20 years to restore. Paul Tudor Jones, Glenn Dubin and Tom...Read More
PBHFA’s Director Dr. Anna Pomeranet’s research on financial transaction taxes was featured in a Wall Street Journal article focused on Bernie Sander’s tax plan. What would Bernie Sanders’ Wall St. tax look like? By John Carney Published: Feb 14, 2016 6:36 p.m. ET Bernie Sanders wants to raise a lot of money from...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...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...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...Read More
From Palm Beach Daily News By Darrell Hofheinz Daily News Real Estate Writer For the first time ever, an owner of a Palm Beach estate will pay more than $2 million in property taxes, thanks to the 2015 tax roll recently certified by the state. Luckily for him, the fellow involved has deep pockets. It’s...Read More
Thank you for attending our deal making social at Palm Beach Ferrari. It was great chatting with many of you again and meeting new faces. I know that several deals and multiple constructive business relationships were launched. Not to mention numerous new and old friendships kindled. Together we can turn Palm Beach County and South...Read More
From Miami Herald BY NICHOLAS NEHAMAS The buyer who shattered local real estate records by buying a $60 million Miami Beach penthouse late last month is South Florida-born hedge fund billionaire Kenneth Griffin, according to a report in The New York Times. The Times reported that “people familiar with the deal” said Griffin, the founder and...Read More
