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Family offices turning to pooled investment vehicles

Family offices are increasingly setting up their own pooled investment vehicles in a bid to differentiate themselves from other financial service providers, according to Cerulli Associates.

Family offices are increasingly setting up their own pooled investment vehicles in a bid to differentiate themselves from other financial service providers, according to Cerulli Associates.

Robert Testa, senior analyst at the research firm, said family offices are also establishing pooled investment vehicles in order to provide products that aren’t easily available to clients.

However, as they are both manufacturer and distributer of the investment products, it becomes difficult to classify the family office as either an asset manager or a wealth provider.

His comments follow recent research by Cerulli, which said that pooled investment funds could offer new opportunities to asset managers.

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