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family office

November 14, 2012

US hedge fund Weintraub Capital Management is to return money to outside investors and become a family office. 

US hedge fund Weintraub Capital Management is to return money to outside investors and become a family office.

The $1 billion (€785 million) San Francisco-based firm, which was set up in the 1990s, is planning to return capital over the coming months – and will then focus on managing founder Jerry Weintraub’s fortune.

Speaking to Bloomberg News, Weintraub did not specify why he had taken the decision. “Like lots of big decisions, it's not any one particular thing, it's a process,” he said.

November 6, 2012

Faisal Private Bank is set to become a family office, after falling victim to the real estate bust in the Gulf and beyond.

Faisal Private Bank is set to become a family office, after falling victim to the real estate bust in the Gulf and beyond.

According to its parent company Ithmaar Bank, the move to convert Switzerland-based Faisal to a family office will allow Bahrain’s Ithmaar to focus on retail and commercial business banking.

October 10, 2012

European family office Maroon has teamed up with a Hong Kong-based hedge fund to launch an Asia-focused portfolio.

European family office Maroon has teamed up with a Hong Kong-based hedge fund to launch an Asia-focused portfolio.

According to Reuters, the Asian investment vehicle of Maroon has invested $25 million (€19.4 million) in a hedge fund that will focus on making profits from activities such as mergers, sales and restructurings.

Called the Ardon Asia Fund, it has an initial capital of $26.5 million, with other outside investors providing $1.5 million.

September 28, 2012

Brencourt Advisors, the New York-based hedge fund established by William Collins, is reportedly planning to return money to its outside investors and convert to a family office.

Brencourt Advisors, the New York-based hedge fund established by William Collins, is reportedly planning to return money to its outside investors and convert to a family office.

According to reports in the financial press, Brencourt, which manages about $300 million (€233.3 million), is finding it difficult to raise money in the current economic environment.

September 26, 2012

As emerging markets continue to interest investors, a group founded by six western family offices has added a new member from South America. 

As emerging markets continue to interest investors, a group founded by six western family offices has added a new member from South America.

Turim Family Office & Investment Management has become the first emerging market firm to join Wigmore Association, set up last year to share investment resources and research.

August 21, 2012

In these less than certain times, getting risk management right is harder than ever. Campden looks at the challenges family offices face.

Ask any family office about risk management today and you’re likely to get a completely different answer than what you would have back in the halcyon days before the credit crisis.

August 9, 2012

Wealthy families are increasingly demanding more services than just investment advice from multi family offices, with governance skills becoming sought after.

Wealthy families are increasingly demanding more services than just investment advice from multi family offices, with governance skills becoming sought after.

That’s according to Anthony Effinger, the author of a recent report on MFOs for Bloomberg Markets – which found that a “huge emphasis” is being placed on governance.

August 7, 2012

The private banking arms of large financial institutions dominate a list of firms managing the money of wealthy families, but independent wealth managers are showing the fastest growth.

The private banking arms of large financial institutions dominate a list of firms managing the money of wealthy families, but independent wealth managers are showing the fastest growth.

July 2, 2012

Single family offices around the globe are more concerned about tax and regulatory issues than the turbulent market environment, according to research by JP Morgan Private Bank.

Single family offices around the globe are more concerned about tax and regulatory issues than the turbulent market environment, according to research by JP Morgan Private Bank.

A survey of 125 SFOs, where each had assets under management of more than $100 million (€79.5 million), found that 23% were “most concerned” about the evolving tax and regulatory environments, while only 10% considered market volatility to be their biggest concern.

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