Volume 08 | March 2020
The Luxury Missive Of The Palm Beach Hedge Fund Association
News & Views For The Affluent Lifestyle

Covid 19 Volatility Edition

The extreme market volatility continues as government officials scramble to contain the Covid 19 virus prior to the health care system being overrun.

Beaches, restaurants and basically anywhere people gather have been closed on Palm Beach and South Florida bringing Wall Street's pain to Main Street. Even the venerable stalwart Starbucks (SBUX) has turned to a takeout only model during this crisis.

As we navigate this ever changing dynamic landscape together, remember things will improve over time.

Stay healthy and strong!


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.

Social Pursuits
PBHFA's March Socials Have Been Cancelled

Following the guidelines of the CDC and government officials, we have made the decision to cancel our March Events.

In an effort to preserve the safety and well-being of our members, we have decided to take additional precautionary and preventative measures regarding our events. At this time, we have determined that it would be in the best interest for all that we postpone/cancel our socials.

We are committed to putting our attendees first, especially given the current situation. It is imperative that we continue to follow the guidelines and direction of health organizations like the  CDC (Center for Disease Control and Prevention)  and the WHO (World Health Organization), along with state, local and federal health officials.

Right now, our April socials are still scheduled but given the dynamic nature of the situation, we will continue to monitor for possible postponement.

We will let you know as soon as we know for certain!

Art Pursuits

Art Basel’s First Online Viewing Room Gives You Direct Access Over $250 Million Worth of Art

Art Basel has released the full list of dealers participating in its inaugural online viewing rooms, the initiative positioned as a  digital stand-in  for the organization’s  canceled 2020 Hong Kong fair . The 231 dealers involved will collectively offer more than 2,000 artworks spanning the Modern to contemporary periods in traditional and new media alike, all of which were originally slated for inclusion on their respective stands at  Art Basel Hong Kong  this March.
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Yachting Pursuits
Palm Beach Boat Show Postponed To May 14-17th

What’s the latest? The  Palm Beach International Boat Show  and Superyacht Show Palm Beach have both been postponed.

Original date: 26-29 March
New date: The Palm Beach International Boat Show has been rescheduled to 14-17 May, 2020 while the first edition of the Superyacht Show Palm Beach has been pushed back to 25-28 March, 2021.

We are working on moving our SuperYacht Social to May!

Stay tuned for details.

Philanthropic Pursuits

COVID-19 Response Fund of Palm Beach County raises $700K in 72 hours

The  Community Foundation for Palm Beach and Martin Counties  is seeing remarkable financial support for its newly created COVID-19 Response Fund. In the first 72 hours, the foundation raised nearly $700,000 to help residents adversely affected by the new coronavirus outbreak. That amount is expected to continue to rise.
Established in partnership with philanthropists, business leaders and governmental entities, the fund will provide aid for community health centers, homeless shelters, preschool and after-school programs, food pantries and others.

Investment Pursuits

How Today’s Market Fear Stacks Up, From a Former Hedge-Fund Guy

Recent trading action feels  unprecedented . Fear is reigning in markets as  Covid-19 coronavirus  spreads around the globe.

Every call for calm appears either ill-timed or ill-informed.

The market has met other historic events with extreme volatility. Perhaps understanding the visceral reaction to those events can help deal with today’s market angst.

Limited time offer: $6 for 3 months.

Real Estate Pursuits

Coronavirus in Florida: Escape from New York underway
New York, New Jersey and Connecticut are all shutting down because of the  coronavirus.
But in Palm Beach County, the telephones of real estate agents are lighting up with residents from the Northeast eager  to come here  or stay here.

Some want to extend their seasonal rentals to avoid having to return to the North, back to the crowds and the burgeoning sickness. Others who are from the Northeast want to buy in Palm Beach County. Fast.

“I just had somebody who walked into the office in a panic. He wanted to buy a place here,” said Jeff Lichtenstein of Echo Fine Properties in Palm Beach Gardens. “He wants to be out of New York City.”


Satorial Pursuits

The 17 Best New Pieces of Spring Menswear to Buy This Week

If your day could use a little brightening up, fear not. This week’s selection of the best new menswear releases you can buy online features no shortage of bold sartorial choices, from a charming pelican-emblazoned sweater from Billy Reid to a colorful umbrella from Certain Standard and a printed shirt from Casablanca, there’s a pattern or graphic that will fit your style. Those selects, and others, click here for the rest

See the rest on Robb Report

Automobile Pursuits

Lamborghini Closes Factory In Response To Covid 19

Lambo has decided to temporarily shut down operations at its factory in Sant’Agata Bolognese starting today until March 25. Chairman and Chief Executive Officer of Automobili Lamborghini motivated the company’s decision by saying:
“This measure is an act of social responsibility and high sensibility towards our people, in the extraordinary situation in which we find ourselves right now in Italy and which is also evolving abroad due to the worldwide spread of Coronavirus.”
Lamborghini’s factory is busier than ever thanks to the immense success of the Urus SUV. The Raging Bull sold a record of  8,205 vehicles last year , representing a massive 43-percent increase compared to 2018. The Italian marque moved 4,962 Super SUVs in 2019, along with 2,139 Huracans and 1,104 Aventadors.

Lifestyle Pursuits
The Lady Who Lorded Over The Links

When golf began in Palm Beach, men ruled the links. Then a woman who could pound out long-distance drives took the reins — and she meant business.

The days of winter-resort golf mulligans were over.
Once Bessie Fenn, starting in the mid-1920s, became the island’s most well-known golf pro, everyone — rich, famous or not — had to follow iron-clad rules.

Even the visiting Duke of Windsor couldn’t evade her watchful eye. “Doook! Doook!” she chased after him. “Your forgot to pay your green fee!”

For 34 years, Fenn was the boss at the Palm Beach Golf Club, the progenitor of what is now Florida’s oldest 18-hole golf course operating on its original site: The Breakers’ Ocean Course.

Welcome Our Luxury Timepiece Sponsor
Watches & Jewelry Pursuits

5 Things To Know About Luxury Watches

In the event that you are new to the world of luxury timepieces, you may be wondering what the most important things to know about luxury watches are. With hundreds of years of history, continuous revolution, endless styles, and reputable brands, learning the most important things to know about luxury  chronograph watches  can feel daunting.
We have curated an extensive rundown of 5 things to know about luxury watches so you can start feeling like a specialist horologist quickly.

5 things to know about luxury watches:
  1. The various sorts of watch movements
  2. Watch styles explained
  3. Seal of Geneva
  4. Watch complications
  5. How to take care of a luxury watch


Aviation Pursuits

The Booming, Cloistered,
& Rarefied World of Private
Jet Pandemic Travel

Turks & Caicos. Aspen. Jackson Hole. Don’t cancel spring break or put your loved ones at risk — just fly private. 

Executives at Magellan Jets saw the coronavirus outbreak hit Europe at least a month ago, and started planning new spring break destinations to promote, said co-founder and president Anthony Tivnan. 

“The islands are also extremely popular right now: Puerto Rico, the Turks and Caicos, Barbados. Island travel is extremely active, and we’re counting on it to replace some of the European travel we typically do in the summer months,” he told  Institutional Investor  in an interview Friday — by phone, naturally. 

Read the rest in Institutional Investor

Sponsorship opportunities of the PBHFA, as well as banner/advertorial promotion on Palm Beach Pursuits are currently available for select financial firms & luxury purveyors.