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Family offices outsource CIO function

Family offices are increasingly outsourcing the function of the chief investment officer, as they aim to monitor more efficiently their growing focus on hedge funds, according to a top investment expert.

Fewer chief investment officers are actually working inside a family office, as many opt to outsource the function to better manage their focus on hedge funds, according to an expert in investment.

Charlotte Beyer of the Institute for Private Investors reckons CIOs in investment firms and wealth boutiques will benefit from this trend.

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