Wall Street’s Move South Crowds Florida’s Elite Private Schools

As firms like Blackstone and Goldman Sachs boost their presence in the state, top academic institutions are facing huge demand pressure. 

A drone view of the upper school campus of Saint Andrew's School in Boca Raton.

Source: Saint Andrew's School

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When Tiger Global Management’s Scott Shleifer donated $18 million to Florida’s Palm Beach Day Academy just months after his four kids enrolled, proud native New Yorker and hedge fund manager Roberto Mignone reacted smugly.

“You’ll be back Shleifer,” Bridger Management’s Mignone commented on the Instagram post announcing the gift. “I’ll be waiting for you.”