Family Office
NEWS
Where Billionaire Family Offices Placed Their AI Bets in November
Family office investment activity remained subdued in November despite the typical year-end uptick seen on Wall Street.
May
14
Investors set to lose nearly US$500B in dividends as equity income strategy takes a hit
When global equity markets lost around US$16 trillion of their value in a single month this year, the wealthy found themselves no more protected from financial loss than anyone else.
May
13
Byron Trott’s BDT raises $9.1 billion for its latest fund
The Chicago-based merchant bank’s new fund has about 150 investors and will focus on buying stakes in family-owned businesses.
May
13
Credicorp Capital profits plunge over 90%
Credicorp Capital’s asset and wealth management units suffered a major hit to their profits in Q1 and saw their combined assets fall 9.6% to $26.87bn as a result of the coronavirus crisis.
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It wasn’t until the 1980s that family offices started to multiply, first in the US, then elsewhere. It was around that time that the wealth held by families began to grow at a significantly faster rate.
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