Rockefeller Capital Management — the modern successor to John D. Rockefeller’s historic family office — has attracted fresh investment from some of the world’s wealthiest families, according to CNBC.
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.
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