From Palm Beach Daily News By Darrell Hofheinz Daily News Real Estate Writer Who wants a long commute to work, especially after you’ve paid more than $70 million for a mansion on Palm Beach’s oceanfront? Not, evidently, billionaire hedge-funder Paul Tudor Jones, who is opening up an office on Bankers Row for his Greenwich, Conn.-based...Read More
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 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 Politico TALLAHASSEE, Fla. — Rep. Alan Grayson manages hedge funds that use his name in their title, a practice prohibited by congressional ethics rules designed to prevent members from using their elected post for financial gain. The specific ethics provisions tied to the funds Grayson manages, two of which are based in the...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: 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
