The hedge fund industry got started in Greenwich when the location offered access to the best talent, tax and business incentives, and proximity to key executives’ homes. These important factors and the trend towards a private investment model have been shifting and accelerating the location of hedge funds and private equity firms to Palm Beach County. Location might be everything, but without the right talent it doesn’t mean anything. A well-planned talent strategy can mitigate the risk of disruption to both productivity and company culture.
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Under 35s are creating more companies, with higher headcount and greater profit ambitions. They show strong interest in the new economy, but not exclusively, and prefer diversification across their investments. Dubbed as the “Millennipreneurs,’ these are business starters from ‘Generation Y,’ born between 1980 and 1995, also known as Millennials. Each Millennipreneur has started an average of 7.7 companies, and 78 percent of successful Millennipreneurs come from families with a history of running their own businesses.
Philanthropists from Europe, the United States, Asia, and the Middle East are approaching philanthropy in an innovative way and actively promote their causes. Interviews illustrate how they are trying to make a lasting change in terms of impact on the ground as well as the longevity of their charitable organizations. For many philanthropists, achieving a sustainable outcome is the second motivation, after the cause itself. And impact investing and collaborative philanthropy are considered as the top trends in achieving sustainable outcome.
Wealth attracts attention and an increase in personal risk, including the risk of being kidnapped. Why then is there resistance to security among wealthy individuals and families, whether they come from security-savvy hedge fund managers or young parents of families with extensive financial holdings intent upon raising their children “like others” or “without special privileges”?
Municipal bond investors may be concerned that periods of economic stress could result in states defaulting on their debt. This fear can be exacerbated by political rhetoric, by inflammatory reporting, or even by inherent suspicion of the efficacy of governments. Yet states have successfully managed through multiple economic contractions in the postwar era. As demonstrated in the past, most states will manage through this current recession using the tools available, making necessary if painful cuts in expenditures, and continuing to honor their obligations to their bondholders.
In many areas of the United States and Canada, every year brings the risk of wildfires, especially between August and November. However, there’s a lot you can do to prepare your home for wildfire season. In these three, short videos on wildfire readiness, learn to protect your home by understanding and avoiding the hazards of juniper bushes, Italian cypress trees, and bark mulch. And see how special types of vents can enhance your home’s protection throughout wildfire season.
The global pandemic forced a critical reflection period across every business, and the middle market made the most of it. From protecting their workforces, to rethinking strategy and technology, to preserving revenues, and seeking relief to ensure stability, companies took action and took charge of their plans for resilience. Middle market CFOs reconsidered what is truly essential and discovered new areas of opportunity.
The tech industry was undergoing a period of introspection even before the COVID-19 pandemic began. While the crisis spotlighted the importance of the tech industry and existing technology, the future is still rooted in the core purpose of innovation with intent. The tech industry is poised for growth in 2021, and optimization is the path to realizing opportunity.
With multiple states rolling out phased access to COVID-19 vaccines, many employers are considering whether they want to require employees to be vaccinated, how to encourage employee vaccinations, and the implications of vaccine policies for their businesses. Some top questions are answered to help employers address the issues surrounding the vaccination.
Custom separately managed accounts (SMAs) may seem to many like the newest in the line of innovations in the investment industry. However, the benefits of portfolio customization go far beyond security selection. At its core, it allows an investor’s portfolio to be managed consistent with their specific rules, exclusions, or tax situations. With efficiency and flexibility, SMAs can also adapt to the twists and turns of an investment journey.