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Steve Cohen Buys The New York Mets!

Steve Cohen Buys The New York Mets!

New York (CNN Business)The New York Mets have agreed to be sold to hedge fund billionaire Steve Cohen, in a deal that will take five years to complete, the team announced Wednesday evening.

During that time the current owner, Fred Wilpon, 83, will continue to serve as the team’s chairman. He bought half the team along with Nelson Doubleday in 1980, and the other half in 2002. Wilpon’s son, Jeff Wilpon, who is the team’s chief operating officer, will remain in that job for five years.

The Mets have struggled to compete against the more popular New York Yankees, and […] Read more

Palm Beach Hedge Funder Builds Quant Paradise

Palm Beach Hedge Funder Builds Quant Paradise

 

From Bloomberg

 

By

Vincent Bielski

December 3, 2019, 9:58 AM EST

Steven Schonfeld is a hedge fund billionaire of a different breed.

He’s almost always in a hoodie, drawn from a closet full of them. He shuns the Wall Street crowd. You’ll never see him at a gala in Manhattan or at Davos or Aspen. Mostly he stays home in Old Westbury, New York.

In other ways, “Schony,” as his gin pals call him, is just like any other tycoon. He’s worth about $1.3 billion, according to estimates by the Bloomberg Billionaires Index. He spent about $20 million to build a golf course, designed by Rees Jones, next to […] Read more

Trump Declares Himself A Resident Of Florida

Trump Declares Himself A Resident Of Florida

 

From The New York Times

By Maggie Haberman

He came of age in Queens, built Trump Tower, starred in “The Apprentice,” bankrupted his businesses six times, and drew cheering crowds and angry protesters to Fifth Avenue after his election. Through it all, President Trump — rich, bombastic and to many Americans the epitome of a New Yorker — was intertwined with the city he called his lifelong home.

In late September, Mr. Trump changed his primary residence from Manhattan to Palm Beach, Fla., according to documents filed with the Palm Beach County Circuit Court. Melania Trump, the first lady, also changed her residence to […] Read more

The Man Who Built SoftBank’s Colossal Tech Fund Now Has To Fix It

The Man Who Built SoftBank’s Colossal Tech Fund Now Has To Fix It

From The Wall Street Journal

By

Liz Hoffman and
Bradley Hope

Oct. 31, 2019 11:40 am ET

Flying over Europe in a private jet last year, Rajeev Misra took his shoes off and propped his bare feet on the knee of a top executive of FIFA, soccer’s governing body. The executive froze while Mr. Misra, head of SoftBank Group Corp. 9984 0.05% ’s $100 billion Vision Fund, chatted about ways to make more money off the streaming rights for the organization’s tournaments.

The Vision Fund had become, in the span of a year, the world’s most influential technology investor, making Mr. Misra a kingmaker in Silicon Valley. The meeting on the plane […] Read more

Yacht Club de Monaco Soirée With The Circle Global Family Office– Photos !!

Yacht Club de Monaco Soirée With The Circle Global Family Office– Photos !!

Our first European social held with our partner The Circle Global Family Office was a huge success!   PBHFA members mingled with the global financial elite at the ultra-exclusive Yacht Club de Monaco.

Guests were treated to the finest food & drink as The Circle’s CEO Marc Duthoit showed the group a revolutionary method to leverage their luxury assets while still enjoying their use.  It was an excellent and timely presentation for the ultra-high net worth investors and money management professionals in attendance.

We can’t wait for our first North American based social with our newest partner, The Circle Global Family Office!

 

 

 

 

[…] Read more

How Wealth Managers Are Attracting The Ultra- Rich

How Wealth Managers Are Attracting The Ultra- Rich

From Bloomberg PENTA

 

Firms ranging from UBS Global Wealth Management and Bank of America Private Bank, to smaller institutions such as U.S. Bank’s Ascent Private Capital Management and Wilmington Trust, are beefing up staff and services to focus attention on serving the country’s wealthiest.

Newer entrants are rapidly gaining assets in this ultra-wealth sector, too, by offering specialized services. Cresset Asset Management, for instance, focuses on private and direct investments for its clients, and offers their employees—and even clients—an ownership stake in the firm, according to Michael Cole, Cresset’s CEO.

A key reason banks are interested in managing money for the ultra rich […] Read more

Credit Analyst Sought To Work With A $5 Billion Advisory Firm

Credit Analyst Sought To Work With A $5 Billion Advisory Firm

Our partner/sponsor seeks a credit analyst to work with a high growth, dynamic $5 billion New York-based SEC-registered alternative investment advisory firm in an exciting part of their business, credit administration, across various debt and equity investments.

Boston Portfolio Advisors, Inc. (“BPA”) is a loan portfolio management, risk management advisory, and financial administration services firm based in Fort Lauderdale, Florida. Our rewarding and challenging work environment helps our people achieve both personal, financial, and professional fulfillment.  BPA is consistently recognized as a thought leader by our clients, in part because we give our team continuous opportunities to learn, to contribute […] Read more

Affluent, Unhappy New Yorkers Moving To South Florida In Droves

Affluent, Unhappy New Yorkers Moving To South Florida In Droves

“I have never seen such demand like this from New York before,” said Armando Codina, executive chairman of Codina Partners, developer of Downtown Doral.

Wealthy New Yorkers are ditching city’s high taxes for Miami

 

Call it fight and flight.

Affluent New Yorkers, financially distressed by recent changes to the nation’s tax laws, are bucking the Big Apple’s high costs and heading for an economic paradise — Florida’s Miami-Dade County area.

The famed resort is luring the disgruntled urbanites with the prospect of a considerable annual tax and cost-of-living savings of between $20,000 […] Read more

Social Media Influencers Seek Wealth Advisor Guidance

Social Media Influencers Seek Wealth Advisor Guidance

So far, working with a wealth adviser has been “amazing,” according to Im, who declined to say how much she pulls in annually from her YouTube channel.

“It feels really good to have someone in my corner that I trust, who is watching my investments every day,” she said. “It allows me to focus on other things that are important, like my family and creating new content.”

 

 

From Bloomberg:  Read the full article here

By

Jasmine Teng

Jenn Im started making YouTube videos as a hobby nine years ago, a way to express her love for turning thrift-store finds into stylish outfits.

Creating content for her […] Read more