The Luxury Missive Of The Palm Beach Hedge Fund Association
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News & Views For The Affluent Lifestyle
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This is amazingly great news for our region!!
“Having an office in Miami will enable Pretium to attract and retain premium talent and broaden the pool of diverse candidates we seek to recruit,” Laura Cappiello, Pretium’s chief human resources officer, said in the statement.....
Pretium Partners is opening its first office in Miami Beach, following a growing number of finance and tech firms expanding in the South Florida area.
The New York-based investment firm has leased roughly 11,500 square feet (1,070 square meters) on the fourth floor of Deco Capital Group’s Eighteen Sunset, a new office building at 1769 Purdy Ave. in Miami Beach, according to a statement Thursday.
Led by former Goldman Sachs Group Inc. partner Don Mullen, Pretium has grown rapidly in recent years, accumulating more than 85,000 homes across the US and overseeing more than $50 billion in assets under management. The company is the latest firm to expand in South Florida, with Ken Griffin’s Citadel relocating to Miami and law firm Sidley Austin opening a new office in the city.
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Kick Off 2023 in Grand Style With The PBHFA !
We are thrilled to welcome our members to a very special luxury deal making social on January 19th 6-9 PM as we celebrate the start 2023 in the finest style.
You can expect an incredible evening of pure luxury, exotic cars, deal-making, friendship-forging, reuniting, and the finest food/drink courtesy of our generous partners, Grassi Associates & Mass Mutual.
Held at the luxurious & very exclusive Piaff Lounge in Wellington, the evening promises to kick off 2023 in grand style!
We look forward to welcoming you to this amazing event!
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Jessica Julian Inks Deal With The PBHFA!
Palm Beach, Florida - December 12, 2022 --
The Palm Beach Hedge Fund Association is thrilled to announce an exclusive partnership with luxury Realtor Jessica Julian of Douglas Elliman. With a history of leading luxury home sales & purchases, Jessica Julian is uniquely qualified to advise and counsel the hedge fund and financial community migrating to the region for their real estate needs.
PBHFA Founder David Goodboy commented, "The PBHFA is exceedingly selective with the service providers with whom we partner. We only build strategic partnerships with those proven to possess the utmost integrity and high-level skills in their chosen niche. Jessica Julian, with her substantial local knowledge of the ultra-high-end market combined with global connections, is the optimal real estate partner for our demanding members."
Jessica Julian added, " I have been a participating member of the PBHFA for several years. The highly engaged, financially savvy membership base is extremely impressive in both scope and size. I am very excited to be working directly with the PBHFA over the next year!"
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Welcome To Palm Beach Pursuits!
Palm Beach Pursuits is the monthly luxury publication of the Palm Beach Hedge Fund Association.
We are committed to bringing the finest in global and local luxury to our affluent membership base of ultra high net worth investors, family offices, hedge fund managers, and alternative asset professionals.
Partner With Us!
We work with a wide variety of luxury brands & financial companies who wish to become thought leaders to our affluent members & mailing list.
Sponsorship opportunities of the PBHFA, as well as banner/advertorial promotion on Palm Beach Pursuits are currently available.
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Guilty Pursuits
Next Crypto Exchange to File for Bankruptcy Vegas Odds
If you’re looking for information on the next big Crypto predictions, look no further than Vegas Odds, because, in this article, we’re going to list the current Vegas Odds on which exchange the oddsmakers are expecting to file for bankruptcy next.
Cryptocurrencies were all the rage in 2021, breaking all sorts of records that year. For instance, Bitcoin (BTC) reached its record price of $67,567 in November last year. Ethereum (ETH) hit its all-time high of $4,891.70 the same month. But then, the year 2022 came, bringing along “crypto winter.”
The price of major cryptocurrencies declined sharply, resulting in a considerable profit loss for crypto businesses. Those who suffered the most are crypto trading platforms, with Voyager and Celsius shocking the world by declaring bankruptcy in July. An even bigger shock came in November when the crypto exchange FTX went bust......
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Social Pursuits
An Amazing Evening With The Futures Crowd!
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An absolutely phenomenal evening of deal-making, music & mirth was experienced by all at the First Annual PBHFA/ Futures Crowd expo at the Yacht Club! Here are a few memories from the event!
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Even The Royal Family Can't Get Ahead On Rolex's Waitlists Dwarfing Patek's!
Waiting lists for Rolex watches are capped at 4,000 people for some models, according to one of the world’s largest authorised dealers, Ahmed Seddiqi & Sons in the United Arab Emirates, but at the same time, they have only 20-30 people on lists for Patek Philippe’s far rarer timepieces.
Mohammed Seddiqi, chief commercial officer of Seddiqi Holding, told Bloomberg that even members of the royal family are often told they cannot get the watches they want.
“If a royal wants a watch for personal use, they’ll get it,” Mr Seddiqi says. “But if they’re looking for watches to give as gifts — to dignitaries, perhaps royalty from other countries — the company may be more selective.”
The UAE is now in the top ten markets worldwide for Swiss watch exports — ahead of Italy and just behind France and Germany so far this year.
The country’s imports have risen by almost 14% and are on track to be worth over $1 billion to the Swiss for the whole of 2022.
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Economic Pursuits
Are Stay-At-Home Gen Z'ers Driving The Luxury Goods Boom?
As inflation and the rising cost of living pushes young adults to move back in with their parents, many are turning to Gucci, Chanel, and Louis Vuitton to lift their spirits.
The record number of young adults living at home with their parents is driving the growth for luxury goods in the U.S. and the West, Morgan Stanley analysts say in their latest report.
U.S. Census data shows that nearly half of all young adults from ages 18 to 29 still live at home, the highest level recorded since the end of the Great Depression in 1940. Morgan Stanley attributes this growth to the rising cost of rental prices, the greater enrollment in higher education, and the delaying of marriage....
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Secrets Of St. Barths From Moravia
The French-speaking isle of St Barths can most succinctly be described as a Caribbean St Tropez. A favorite retreat of the rich and famous, the island is renowned for its scenic beauty, chic boutiques, and fabulous French cuisine.
A popular spot for the superyacht fleet, the isle features on many a cruising itinerary. But venture beyond the port of Gustavia, and you’ll discover this island’s lesser-known treasures.
History
Between the beaches and multi-million-dollar villas, are a few remaining sites that detail the island’s history. Saint Barthélemy has been under French rule since 1648. In 1784 it was given to Sweden in exchange for Gothenburg trading rights but was sold back to France in 1878.
The Wall House exhibits the island’s Swedish colonial era, and there are three 17th century forts that were built to protect the harbour. The petite Anglican Church of Saint-Bartholomew, located at the far end of Gustavia’s harbour, was built in 1855....
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Sponsorship opportunities of the PBHFA, as well as banner/advertorial promotion on Palm Beach Pursuits are currently available for select financial firms & luxury purveyors.
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