Steve Cohen, 65, the majority owner of the New York Mets and the owner of the hedge fund Point72 Asset Management, is worth $11 billion and is now focusing on real estate bets at his family office.
Guillame Pousaz, the founder of Checkout.com now has a net worth of $8 billion after turning his online payments business into a revolutionary startup and is now building a personal investment firm.
The multi-family office announced the opening of its new headquarters in Hong Kong, its expansion into Singapore, and its new office in Beijing to strengthen its position and roll out its new ecosystem system strategy.
Legislation written by Rep. Alexandria Ocasio-Cortez was sent to the House floor with democratic backing to increase regulation of advisory firms. The bill was approved on Thursday evening by the Democratic majority on the House Financial Services Committee on a party-line vote.
While wealthy individuals and many businesses continue to flourish in South Florida, a family office portal launches in Palm Beach to simplify networking for family offices, professionals, and elite investors.
Inflection Point Intelligence (IPI), specializing in global financial services, announced the launch of the Henley Family Program, its latest financial management program.
To address the flourishing wealth sector in the region, the international multi-family office, Mcfaddens & Co, has teamed up with CIIC (China Industry and Commerce) in a joint venture to launch a multi-office family network in Hong Kong and China.
Cerestra Advisors, an Indian private equity firm, and KPFO Ventures have joined together for a co-owned property technology platform, where investors can co-own assets.
The two have named the platform Winvest and will be live next month with an asset portfolio of up to $100,000 million. Seed investment in the platform will be made by KPFO Ventures, and Cerestra will identify assets, manage assets and investors, and close deals.
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.