Do you find yourself among the hordes of New York hedge fund managers that Floridians say are moving to Florida? Looking for a suitable base in the new Greenwich, Palm Beach? Maybe something not-quite-Rosensteinesque, but with a little something extra? Something presidential, perhaps?
If so, you’re in luck: One New York private-equity guy who thinks Palm Beach is a great place to visit but no place to live is cashing out of a little piece of Camelot: the former home of bootlegger, insider-trader, inaugural SEC chairman, presidential and senatorial father, and all-around Renaissance man Joe Kennedy. Read more »
An increasing number of financial firms, especially private equity and hedge funds, are fed up with New York’s sky-high city and state tax rates and are relocating to the business-friendly climate in Florida’s Palm Beach County.
And they’re being welcomed with open arms — officials in Palm Beach recently opened an entire office dedicated to luring finance hot shots down south.