The Luxury Missive Of The Palm Beach Hedge Fund Association
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News & Views For The Affluent Lifestyle
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Goldman Sachs, Bessemer Trust execs to lead new Palm Beach financial firm
CARMEL, Ind.--(BUSINESS WIRE)--Oxford Financial Group, Ltd. is pleased to announce the expansion of its brick and mortar office locations with a new office in Atlanta, Georgia’s Buckhead district and a new office in Palm Beach, Florida.
In the last decade or so Oxford has evolved from being a Midwest powerhouse to a nationally‐focused multi‐family office with clients in 35 states. Oxford has been working in Atlanta and Palm Beach regularly for decades, and sees significant advantages for their clients and partners in establishing a physical presence in these markets. Atlanta is the business epicenter for the entire Southeast with connectivity and influence in a region that includes seven states and also boasts an international reach. Palm Beach enjoys a concentration of business owners and legacy family wealth that has long been serviced by Oxford. Expanding Oxford’s presence and influence in these markets is beneficial for the firm’s effectiveness and focus for the clients Oxford serves.
Managing Directors who will be serving these new markets include:
Kevin W. Coquillette: Kevin provides multigenerational families, business owners and institutions guidance around Chief Investment Officer Services. Prior to joining Oxford, Kevin was a Vice President with Goldman Sachs Asset Management.
Barton C. Francis, MST, CFP®, CIMA®: Bart brings his deep technical, business and experiential background in financial, estate, trust and tax planning to develop and monitor creative strategies for families of significance, helping them enhance and preserve their wealth. Prior to joining Oxford, Bart spent over a decade at Bessemer Trust as a Principal and Senior Client Advisor.
Grayson E. Miller: Grayson provides multi‐generational families of significant worth, business owners and select institutions customized and highly relevant wealth enhancement strategies. She works with clients to optimize their investment strategies and coordinate strategic outcomes with the family’s legacy plan. Prior to joining Oxford, Grayson served as a Private Wealth Advisor at Goldman Sachs in Atlanta.
J. Parker Mitchell, MBA, CFA, CFP®: Parker focuses on helping clients navigate the complexities of financial markets by providing customized advice based on a thorough understanding of their personal values, wealth transfer goals and vision for their business and legacy. Prior to joining Oxford, Parker was a Principal and Senior Client Advisor at Bessemer Trust.
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An Amazing Luxury Deal Making Evening With Visible Alpha!
What an amazing and luxurious evening with our partner Visible Alpha on Thursday evening on South Beach!
The provisions were world class with non-stop lobsters, shrimp, crab, and the venue's signature steaks.
Multiple business and social connections were created as we learned about the powerful financial platform from Visible Alpha.
Here are a few photos:
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Yachting Pursuits
Boating in Palm Beach County upgraded with new marina and planned superyacht facilities
West Palm Beach will begin negotiations with City Harbor LLC to build a $16 million marina off Flagler Drive that will generate an estimated $324,000 per year for the city and protect one of its signature cultural events, the Palm Beach International Boat Show.
Backing from Informa, the international events firm that puts on the boat show, was critical to City Harbor's proposal, which beat out one submitted by Safe Harbor LLC, the largest owner and operator of marinas in the world.
"This is a very exciting day for our city," Mayor Keith James said. "Just the opportunity to discuss having a world-class marina on the front door of our waterfront is extremely exciting."
The marina negotiations are a major step forward in a process that started two years ago, when City Harbor made an unsolicited bid to expand the city's two docks...
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Deal Making Social Pursuits
Watches, Cigars & Finance Evening!
Members are cordially invited to an exclusive evening of watches cigars, luxury & finance in Miami on June 22.
The Deal Making Social is strictly by RSVP only and capacity constrained. Members & guests can attend on a first come, first served basis only.
The dress code is cocktail or Miami chic and you can expect an open bar, deal making, friendship forging and reuniting with the members & guests of the Palm Beach Hedge Fund Association and East Harbor Financial in downtown Miami.
Do not hesitate to contact us should you have any questions or concerns.
A Luxurious Evening With Jessica Julian In An Exclusive West Palm Beach Villa!
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Marshall Wace Imposes Compensation Fee in Hedge Fund Talent War
Is this the future of our industry?
Hedge fund Marshall Wace is imposing a new fee on clients to pay for money managers as it looks to hire and retain top talent in a fiercely competitive recruitment market.
The London-based firm’s main $22.5 billion Eureka hedge fund is asking for an additional “compensation surcharge” worth as much as 0.75% of the fund’s value, according to an investor letter seen by Bloomberg. It will be used to reward those who outperform, it said.
Marshall Wace is fighting with the world’s biggest hedge funds for a limited pool of talent amid surging demand for steady returns in a volatile market. Millions of dollars in signing bonuses, a higher cut of trading profits and payouts for non-compete periods are now becoming the norm...
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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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Wristwatch Pursuits
Swiss Watch Exports to the U.S. Rose by Nearly 10 Percent in May
The American love affair with the Swiss watch appears to be far from over.
Exports of the country’s timepieces to the U.S. jumped considerably in May, the Federation of the Swiss Watch Industry announced Tuesday. The increase comes just one month after data suggested that demand might be starting to wane stateside.
In April, Swiss watch exports to the U.S. fell by 4.9 percent. That may not seem like much, but there was concern it could be the sign of something bigger after more than two straight years of rising shipments, according to Bloomberg. Fortunately, the dip looks to have been temporary.
The Swiss trade group’s latest data shows exports to the U.S. rose by 9.8 percent to nearly 359.4 million francs ($400 million) in May. For now, at least, it looks as if the industry doesn’t have to worry about being impacted by the “richcession”—a phenomenon in which wealthy Americans curb spending because of the current economic climate—just yet.
“This suggests that high-end American consumers, still seemingly in the YOLO [You Only Live Once] mindset, have resumed traveling and spending as summer approaches,” wrote Luca Solca, an analyst at Bernstein, according to Bloomberg.
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Automobile Pursuits
Aston Martin Made a Junior-Size DB5 Bond Car. Here’s What It’s Like to Drive.
What do the Lotus Esprit, Ford Mustang Mach 1, BMW Z3, AMC Hornet, Toyota 2000GT, and the front half of a Renault 11 all have in common? The answer, of course, is that they are all Bond cars—driven on screen by agent 007 during a career that spans 27 movies and 61 years. One Bond car, however, stands hood-and-fenders above the rest.
The Aston Martin DB5 has appeared in nine movies to date: more than Sean Connery, Roger Moore, or any other actor to have played MI6’s not-so-secret agent. It’s as integral to the Bond franchise as Q branch’s gadgets or corny one-liners.
The DB5 I’m driving today also pays homage to James Bond, but on a somewhat smaller scale—a 66 percent scale, to be exact. The DB5 Junior No Time To Die Edition is made by the Little Car Company, and licensed by Aston Martin and Eon Productions. With electric power and an arsenal of simulated weapons, it might be the ultimate toy for kids (or grown-ups) obsessed with the film franchise.
Actually, I’m not supposed to call it the “t” word. “We get slightly offended when people describe our vehicles as toys,” ...
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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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