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.
The family office industry has been booming in recent years. Since 2008, the sector has recorded a ten-fold growth in the number of family offices. Morgan Stanley, one of the largest financial services organisations in the world, has released a new report detailing the best practices in the single family office space.
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.
Wealth managers are typically averse to redeeming mutual funds at a loss. The portfolios of the super-rich in India have been leaning towards the debt amid the uncertainties due to the COVID-19 pandemic in the country.
It is important to develop a specialty, but it needs to be balanced with the needs of the practice and your interests. In this age
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Hyderabad-based diagnostics startup DoctorC launches Safe Workplace of the Future, an initiative that aims to make getting back to work efficient and scalable, while ensuring compliance and safety.
Family offices typically advised their clients to increase gold allocation towards the end of 2019. The covid-19-driven market fall has likely resulted in unrealized losses in some of the client portfolios.
The family office sector is a coveted space as trillions of dollars under management soar across the globe. Increasing numbers of firms labelling themselves as “multi-family offices” have been popping up to grab their share of the market for the better part of the last decade. Yet, one must question whether these entities are what they say they are or if they are just private banks and traditional wealth managers “borrowing” the label to enter this lucrative arena.
Just like the global financial crisis, Australia is emerging from Covid-19 more strongly than the rest of the developed world. Investment banks here have never been busier, raising huge sums of equity from one of the world’s largest asset pools. When borders reopen they will be primed for outbound M&A. But why does almost nobody have a private banking business? In the first of a two-part series on Australian investment banking, we look at the work that came out of a global pandemic.
