$20 Billion Hedge Fund Opening A Miami Office, & Its Boss Will Relocate Here Permanently

Yet another hedge fund is moving to Miami.

D1 Capital Partners, a $20 billion fund, will open an office here, Bloomberg is reporting.

Founder Dan Sundheim, who moved here temporarily during the Covid-19 crisis, has decided to move here permanently. Some senior staffers are also moving to the area.

D1 will still maintain offices in New York and Hong Kong.

The report on Sundheim’s move is a sharp reversal for Bloomberg.

Just two weeks ago, the news service reported that “many” Wall Street A-listers were eyeing a return from Florida to New York now that the Covid-19 crisis was winding down.

Ironically, Sundheim was the only person actually named in the article who was said to be considering returning. Now, it is clear that he will remain in Florida.

 

(photo: Aaron DeMayo)

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Anonymous
4 months ago

Hedge funds aren’t big employers generally.

Anonymous
4 months ago

Agreed, but Senior employees hire cooks, drivers, nannies, gardeners, assistants, masseuse, pilots, captains, crew, etc. and the wifes go Shopping …

Anonymous
4 months ago

Keeping Miami as the low paid jobs American Capital.

Anonymous
4 months ago

and lots of whores

Anonymous
4 months ago

and cocaine dealers, so we are good

Anonymous
4 months ago

…and philanthropy. Evidence of large-scale philanthropy is much less evident in Miami than it might be. Wealthy arrivals will help support the arts, museums, and provide something besides dog and cat scultures for Museum Park.

Anonymous
4 months ago

B.S.!

Anonymous
4 months ago

You gotta be kidding me…only in a plantation minded wanna be place like this would someone be on his knees thanking the the hedge fund king for sprinkling the ground with some opportunities like the above. You all are jokes down here.

Anonymous
4 months ago

About time someone leaves a comment about something their right about.

Azarius
4 months ago

But the start up and companies they invest in would bring higher and more diverse jobs than we currently have.

Anonymous
4 months ago

Hedge funds, especially the ones that specialize in private equity do have many employees they manage via the companies they invest in/take over. I.e Warren Buffet indirectly owns Geico (a large employer) via Berkshire Hathaway (not so large employer).

Anonymous
4 months ago

I know some my not agree but I was one of the people who stood with the governor when he opened up Florida before any other state. It really benefited us and our economy… So much so that many businesses and CEOs are moving here permanently! Talk to anyone in real estate and they will tell you Florida has seen a crazy leap in real estate since covid.

Anonymous
4 months ago

The “governor” opened up the state of Florida’s economy?

Well I guess all Henry Flagler built was a little train set at home then?

Anonymous
4 months ago

Don’t talk shit about Desantis! He is the best gov in the union.

Anonymous
4 months ago

Real Estate doesn’t turn a city into a Financial / Tech Hub.

Azarius
4 months ago

No credit given to Desantis for this Florida was on the rise before COVID. Covid helped a little by exposing other markets but Florida was already on the rise.

Anonymous
4 months ago

Not to mention his covering up of the real data…you guys are suckas if not morons to believe a desantis.

Anonymous
4 months ago

^ A

Anonymous
4 months ago

Oh yeah. And the coke addict the dems wanted would’ve taken this great state down! Do you think any of these big players would be down here is that loser was our governor?

Anonymous
4 months ago

It is chilling to consider how FL and Miami might be performing if DeSantis had lost in 2018. A real brush with disaster there.

Anonymous
4 months ago

Love or hate the guy, at least he didn’t lock down the entire State, which Gillum would have done while smoking crack and blowing little boys’ blues.

J.M.
4 months ago

He smoked meth. Get it right!

Anonymous
4 months ago

Same shit.
Crazy dirty drug

Anonymous
4 months ago

Homophobe!

Anonymous
4 months ago

Not homophobic to make an observation! Liberals are way too sensitive! Ease up bruh

Anonymous
4 months ago

Idk. DeSantis took a gamble and it seems to be paying off for now. I’ve always had the suspicion he’s hiding something. If it turns out he’s lying about the COVID deaths then he’s f**ked. After all, it was kind of shady how gave Publix all the vaccine distribution after their “donations” to his PAC.

Anonymous G
4 months ago

830 Brickell is starting to look so good! Lets go!!

Anonymous
4 months ago

Yeah. But

Anonymous G
4 months ago

What?

Anonymous
4 months ago

Truth be told, although I’m happy all these hedge fund CEOs are moving here and offices “relocate”, the bulk of traders will still remain somewhere else.

Anonymous
4 months ago

Early stages of an “S” curve. If it goes well, more will follow. Few large organizations will just uproot and move. Focus on increasing rate of change over the next year or so.

Anonymous
4 months ago

It’s boss. How about local hires?? Right? Or just crickets.

Dave the Crackhead ™
4 months ago

And the racks and racks of servers that do the “managing”, will those move here, hopefully so. That would mean more IT jobs.

Anonymous
4 months ago

What happened to the tech exodus to Florida or all these big companies moving here, lol, so far just a few rich guys and a handful of their staff. Blackstone is the only significant move, but i guess some is better than none.

Anonymous
4 months ago

plenty are moving to central florida. a development next to UCF attracted alot.

Anonymous
4 months ago

Blackstone just recently bought the office building where it just moved in to, MiamiCentral 2 & 3 I believe. If they are investing a couple hundred million dollars on real estate, it bodes well for further relocations from similar firms.

Anonymous
4 months ago

Bloomberg just recently confirmed Goldman is looking to move parts of asset management to the region.

Anonymous
4 months ago

Has Bloomberg lost all credibility after he tried to buy the Florida election?

Anonymous
4 months ago

Miami will continue to grow with or without big tech companies

Anonymous
4 months ago

People coming with their chickens and roosters don’t count.

Anonymous
4 months ago

Not only New York, being ruined by Comrade DeBozo and Pepe Le Granny-Killer Cuomo, but also Hong Kong being ruined by Xinnie the Flu’s f-ing ugly reds.

Anonymous
4 months ago

And I would rather take my chances working in Hong Kong rather than work as cop at the Capitol Building in Wa DC.

Anonymous
4 months ago

I look forward to the highest end restaurants benefitting from this…

RealitySpeaker
4 months ago

Another party office, the head guy who will pop in once a week, and few staffers, better than nothing however.

Azarius
4 months ago

So the money moving in. Hopefully all these hedge funds can produce start ups and create better job opportunities. We need more research funding for our colleges. More investment in emerging tech like blockchain.

Anonymous
4 months ago

Blockchain is not an emerging tech. It’s been around for damn near 30 years and is not the type of technology that you invest in and will transform an economy. It’s basically just an encrypted wallet for people who don’t trust the government or need money laundered

Azarius
4 months ago

Please go do some research blockchain is so much more and there are new ways to implement the technology into almost ever sector there is. Blockchain is changing currencies, fashion, art(NFT) and so much more!

Azarius
4 months ago

Looks like my vision is in line with the Mayor’s 😏

Anonymous
4 months ago

They won’t tho

Canoe in the Desert
4 months ago

Anyone returning to NYC after living in FL is swimming against the tide. I think articles that assert that NYC living is superior have probably been written by someone ignorant of all that the great State of FL has to offer. Likely bull feathers.

Anonymous
4 months ago

imagine if we had a li-b-t-a-r-d governor now? lol

Anonymous
4 months ago

Okay but are they hiring locals, if not they’re going to help the bar and restaurant industry but not helping us tap into that hedge fund

Anonymous
4 months ago

Hedge funds are more than just the senior management and portfolio team(s). There are marketers, office managers, accountants, and a variety of other support staff. All those people will add to the local economy

Anonymous
4 months ago

And be paid well working at the hedge fund.

Anonymous
4 months ago

D1 is not moving to 830. The photo of 830 is deceiving people to believe that is where they are moving to.