Although family offices have been around since the 1800s, they’ve only begun to flourish in recent years.
Family offices tend to target individuals with more than $1bn assets, while multi-family targets those with more than $20bn. This means there are plenty of people that require a helping hand with their family resources. That’s where Harness Wealth’s initiative comes in.
In hopes to attract business in the special administration of family offices, Invest HK (Invest Hong Kong) started up an independent office. FamilyOffice HK is to be set up in Admiralty, the central business district in Hong Kong, where it can efficiently serve its clients.
Having the correct information and advice regarding investments is crucial for professionals in a family office. However, every family office is unique, and if one fails to follow through with a trust deed or other mandates, they will be accountable to the family.
Here are some things that family offices need to consider when it comes to investing in a post-covid-19 world.
The time has come for family offices to restructure their investment staff to meet their goals. Private equity talent is being greatly sought by these offices in return for managing their portfolios and a better equilibrium of work-life.
Family offices spend years focusing on wealth management and creating investment strategies. However, this isn’t time to kick back and relax until everything goes back to normal. Consider this as the perfect opportunity to make those desperately needed evaluations and changes offered.
Large family offices are veering towards private equity investment during the economic turmoil caused by the coronavirus pandemic, a new study and interviews with family office CIOs reflects.
The Family Office space witnesses merger and acquisition (M&A) activity from time to time. Such activity allows firms to expand into new markets without having to make significant investments in infrastructure and client acquisition. The latest transaction in this sector saw Banque Bonhôte & Cie acquiring Private Client Partners (PCP) for an undisclosed fee.
When it comes to hedge funds, John Paulson is among the most popular names in the industry. The big-name money manager came into the limelight during the 2008 global financial crisis when he emerged as one of the winners of the economic meltdown.
Family offices stepped up borrowing against their private equity investments in the first quarter, moves made to increase their cash in the coronavirus crisis, according to UBS Group.
On this episode of The Family Business Voice, Jan and Lukas Ryde speak with Ramia about balancing innovation and tradition to create value over centuries.
