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
Source: Wall Street Journal CHRISTIAN BERTHELSEN Updated Oct. 12, 2015 8:03 p.m. ET 0 COMMENTS Andrew Hall’s faith in an oil-market rebound isn’t shaken, but it isn’t paying off, either. The main fund at Mr. Hall’s Astenbeck Capital Management LLC lost 7% in September, according to investor documents reviewed by The Wall Street Journal, leaving...Read More
Our 2015/16 Season Launch Party proved to be a huge success with a wide cross section of Palm Beach and South Florida investors, hedge fundees, and financial professionals gathering to welcome the 2015/16 deal making, networking, friendship forging and socializing season with the Palm Beach Hedge Fund Association. The Norton Museum of Art graciously opened...Read More
From The Real Deal– read more here Inventory may stand at record low September 18, 2015 09:45AM By Dan Weil Prices for homes in the town of Palm Beach, both single-family houses and condos, continue to soar, as wealthy Americans and foreigners remain enamored with the beachside paradise. “People have no other place as...Read More
From Bloomberg by Saijel Kishan Margaret Collins Step inside Table Management, an obscure investment firm in New York, and something strange happens: you’re transported to the rarefied realm ofBill Ackman, the billionaire hedge fund manager. Table, it turns out, is sort of a secret wrapped in mystery. From the same Manhattan skyscraper as Ackman’sPershing...Read More
From The Wall Street Journal By Juliet Chung The recent market rout caught some star Wall Street traders by surprise. But not a hedge-fund firm affiliated with “The Black Swan” author Nassim Nicholas Taleb, which gained more than $1 billion on a strategy that seeks to profit from extreme events in financial...Read More
Singer Island, FL, September 4, 2015- Grey Value Management, LLC located in Singer Island, FL has been awarded winner of the 1st Interactive Brokers Trade of the Week, an international investment competition designed to identify differentiated investment research by hedge fund professionals sponsored by SumZero and Interactive Brokers. Grey Value Management, LLC is a...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
