System Absolute Return

SAR Launches Volatility FoFs

The following piece on System Absolute Return is being published as part of our daily effort to track hedge fund events in the industry. To review other hedge fund related announcements please see our Hedge Fund Tracker Tool.
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Zurich, Switzerland-based System Absolute Return has launched a segregated portfolio with exposure to two volatility arbitrage strategies. The SAR Four Seasons SP will invest in two hedge funds: One manager has applied a split/strike conversion strategy and the other has applied a short strangle strategy , protected via a long position in the volatility index, according to the firm. The two strategies are managed separately by a U.S.-registered investment advisor and by a broker/dealer, respectively.

“With one underlying fund closed to new investments and the other quickly approaching that point, SAR’s feeder not only provides access, but also 1:1 leverage on these investments,” said the firm. “The underlying hedge fund managers are truly legends in their fields and this SP provides a unique opportunity to gain exposure to their strategies.” Read more…

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Related to System Absolute Return:

• Geographical Hedge Fund Guides
• Hedge Fund Database
• Hedge Fund Administrator
• Hedge Fund Attorneys andLawyers
• Investment Book
• Hedge Fund Terms and Definitions
• Hedge Fund Tracker Tool
• Financial Certification
• Hedge Fund Forum

Permanent Link: System Absolute Return (SAR)

Tags: System Absolute Return, volatility arbitrage strategies, split/strike conversion strategy, short strangle strategy, System Absolute Return (SAR)

Capital Campaign Fundraising

Capital Campaign Fundraising Best Practices

I grew up around capital campaign consulting and now working in hedge fund marketing and it amazes me how similar the two types of work are.

Both capital campaign fundraising and hedge fund marketing:

• Relies heavily on relationship cultivation
• Requires using the 80/20 rule to focus on the best prospects at hand
• Requires a multi-stage marketing/sales process to effectively move through the “marketing” campaign
• Demands an ability to sell the intangible. In one case you are selling the good feelings and community benefits of a large donation, in another the hopefully secure or proper management of your capital.

Some lessons that hedge fund marketers could probably learn from capital campaign fundraising consultants might be:

• Use internal champions to help ask for new investments. Using testimonials from a current investor or creating an environment which includes a few of your more supportive current investors with potential investors may be effective. Many times capital campaign consultants get volunteers from within the hospital or university they are raising money for to go out and help ask for gifts or in the case of hedge funds – investments.
• Stage your marketing campaign – Many capital campaign fundraising endeavors are managed a staged 3-4 step project helping the organization systematically develop close relationships with dozens of even hundreds of well qualified donors. Some hedge funds may take this same approach to marketing to a channel, such as family offices…but most that I have come in contact with do not. There are efficiencies in doing things in batches, so if your hedge fund marketing team consists of only 2-3 individuals it may help to try this approach.
• Market Research – Many development offices conduct thorough market research on their potential donors (investors). In the hedge fund marketing arena there is always a balance that must be struck between knowing who you are approaching for compliance and selling effectiveness reasons while not “wasting time” by spending hours researching a potential target investor. This is because many “targets” may not be searching for your strategy or may have minimum AUM requirements your fund does not meet and some research time could be wasted on these contacts. That said, many times no research is done on prospects in the hedge fund industry – and groups are simply cold called through directories, databases, and internal Sales CRM systems with no long of what the firm does besides their type of business.

Here is a site on capital campaign fundraising – Major Gifts Guru.

Related to Capital Campaign Fundraising:

• Geographical Hedge Fund Guides
• Hedge Fund Database
• Hedge Fund Administrator
• Hedge Fund Attorneys andLawyers
• Investment Book
• Hedge Fund Terms and Definitions
• Hedge Fund Tracker Tool
• Financial Certification
• Hedge Fund Forum

Permanent Link: Capital Campaign Fundraising

Tags: Capital Campaign Fundraising, Capital Campaign, Capital Campaigns, Non-profit Capital Campaign, Capital Campaign Consultant, Capital Campaign Consulting & Hedge Fund Marketing, Seeking Hedge Fund Investors

High risk, limited liquidity, taxes, and lack of regulation make investing in private equity challenging. However, the payoff is very attractive making private equity an interesting asset class for family office. The article shows two different points of view (fund of funds and direct private placement) of how family office would enter in private equity.

From the standpoint of diversification and lowest assumed risk, a fund of funds may present the best entry point to private equity given that you do not have specialist who can perform extensive due diligence. Additionally, it is an affordable way to test the water than any other approaches. On the other hand, direct private placement represents the highest level of risk. You must have capability to perform in-depth due diligence, and dig into the portfolio companies of what really happen. The upside of private placement is of course that your return would out-perform anything on traditional security market. Read more on this here.

- Richard

Related to Private Equity for Family Offices

• Virtual Family Offices
• Sovereign Wealth Funds Video
• Family Office
• Philanthropic Giving
• Iveagh Family Office Fund Launch
• Family Office Resources
• Fund of fund
• Family Office Example

Permanent Link: Private Equity for Family Offices
Tags: Private Equity, Family offices, private equity for multi-family offices, private equity investments by family offices, private equity investment capital from single family offices

Dr. Alan Starkie, “Wealthy families are “insti-viduals”, individuals who have institutional needs in terms of complexity and sophistication”. As a result the family office market is rapidly evolving, with more family offices, more MFOs, leading to more demands on providers of services, and more outsourcing expertise needs. There are some favorable trends and facts that support the needs of outside consultants; buying support consult is cheaper than build it internally, generation changes, acquisition, specialization, lack of omniscience, independency, advanced technology.

To keep pace and take advantage of the myriad opportunities, good consultants need to differentiate themselves in the industry through their objectivity, specialized services, product and service mix, and technological sophistication. Rather than focusing on performance, they should concentrate on providing a level of service commensurate with the demands of “insti-viduals.” If they fail to do this, the perception will remain that consultants lack value added and wattage, are not “on the line” for results, and are not candid in their advice. Read more…

- Richard

Related To Investment Consulting

• Virtual Family Offices
• Sovereign Wealth Funds Video
• Family Office
• Philanthropic Giving
• Iveagh Family Office Fund Launch
• Family Office Resources
• Fund of fund
• Family Office Example

Permanent Link: Insti-Individual Investment Consulting
Tags: Investment Consulting, Institutional Investment Consulting, investment management consulting, investment consulting group, investment consulting company, investment capital consulting

Single Family Office

Single Family Offices in Dubai

I just found this article about how Dubai’s DIFC is positioning itself as a center for single family offices. They seem to be very skilled at positioning themselves for new money to come in so I’m sure they will be successful in this area. The country is trying to build many legs to stand on – as they take advantage of their oil and tourism based wealth. Here is the article…

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New regulations provide platform for setting up family holding companies at DIFC

The Dubai International Financial Centre (DIFC) today announced new regulations to encourage family businesses to establish Single Family Offices (SFOs) at DIFC.

Created in consultation with the DFSA, the DIFC Single Family Office (SFO) Regulations specifically address the needs of family-run institutions and create a platform for wealthy families to set up holding companies at DIFC to manage private family wealth and family structures anywhere in the world.

HE Dr. Omar Bin Sulaiman, Governor of the DIFC said: “In recent times, family offices have become highly significant on the global economic landscape. In the Middle East, where family-run businesses make up over 75 per cent of firms and have total assets in excess of US$1 trillion, the need for a specialised legal and regulatory framework is especially acute.”

“In contrast to conventional financial institutions, Single Family Offices (SFOs) have no direct public liability as all their shareholders are bloodline descendants of a common ancestor. As such, their regulatory requirements differ significantly. By establishing the new Regulations, DIFC is once again reaffirming its commitment to family businesses and the development of DIFC into a hub for local, regional and international family offices.”

The enactment of the Regulations follows a period of consultation where companies were invited to comment on the proposed Regulations. Having received highly positive feedback, the new Regulations will come into effect on 2 September 2008.

Central to the new Regulations are changes to the DIFC Single Family Offices (SFO) platform and consequential amendments to other DIFC and DFSA regulations such as the DFSA’s General Module and Glossary Module.

The Regulations offer distinct benefits to Single Family Offices (SFOs) as they exclude them from many of the regulatory constraints placed on conventional organisations located at DIFC. Read more…

- Richard

Related to Single Family Offices

• Multi-Family Offices Blog
• The Cost of Being Wealthy
• Private Banking and Wealth Management
• Investing Book
• Family Offices Message Board
• Family Office Industry
• Family Office Consultants
• Family Wealth Management
• Economic Crisis

Permanent Link: Single Family Office
Tags: Single Family Office, Single Family Offices, List of Single Family Offices, Single Family Office List, Single Family Investment, investment family office, office of a single family, single family wealth management, single family private wealth management

Single Family Office

Single Family Offices in Dubai

I just found this article about how Dubai’s DIFC is positioning itself as a center for single family offices. They seem to be very skilled at positioning themselves for new money to come in so I’m sure they will be successful in this area. The country is trying to build many legs to stand on – as they take advantage of their oil and tourism based wealth.

For those of you who do not know what family ffices are and how they relate to hedge funds please see this article: What are Multi-Family Offices?

For in detail information and insight please see Family Offices Group .com

Here is the single family office article…

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New regulations provide platform for setting up family holding companies at DIFC

The Dubai International Financial Centre (DIFC) today announced new regulations to encourage family businesses to establish Single Family Offices (SFOs) at DIFC.

Created in consultation with the DFSA, the DIFC Single Family Office (SFO) Regulations specifically address the needs of family-run institutions and create a platform for wealthy families to set up holding companies at DIFC to manage private family wealth and family structures anywhere in the world.

HE Dr. Omar Bin Sulaiman, Governor of the DIFC said: “In recent times, family offices have become highly significant on the global economic landscape. In the Middle East, where family-run businesses make up over 75 per cent of firms and have total assets in excess of US$1 trillion, the need for a specialised legal and regulatory framework is especially acute.”

“In contrast to conventional financial institutions, Single Family Offices (SFOs) have no direct public liability as all their shareholders are bloodline descendants of a common ancestor. As such, their regulatory requirements differ significantly. By establishing the new Regulations, DIFC is once again reaffirming its commitment to family businesses and the development of DIFC into a hub for local, regional and international family offices.”

The enactment of the Regulations follows a period of consultation where companies were invited to comment on the proposed Regulations. Having received highly positive feedback, the new Regulations will come into effect on 2 September 2008.

Central to the new Regulations are changes to the DIFC Single Family Offices (SFO) platform and consequential amendments to other DIFC and DFSA regulations such as the DFSA’s General Module and Glossary Module.

The Regulations offer distinct benefits to Single Family Offices (SFOs) as they exclude them from many of the regulatory constraints placed on conventional organisations located at DIFC. Read more…

- Richard

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Related to Single Family Office:

• What are Multi-Family Offices?
• Investment Book
• Multi-Family / Family Offices
• Family Office Database
• Financial Certification
• Family Office Directory
• Using Hedge Funds in Financial Planning
• Family Office Wealth Management
• High Net Worth Investors
• Family Office List

Permanent Link: Single Family Office
Tags: Single Family Office, Single Family Offices, List of Single Family Offices, Single Family Office List, Single Family Investment, investment family office, office of a single family, single family wealth management, single family private wealth management

Private Banking and Wealth Management

Private Banking and Wealth Management Trends

Below is a short excerpt from a recent article I wrote for Investopedia on family offices, private banking and wealth management trends:
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Family offices are private wealth management advisory firms that serve ultra-high-net-worth clients. There are more than 3,500 family offices based in the United States. By offering a complete outsourced solution to managing finances and investments, including budgeting, insurance, charitable giving, family-owned business, and wealth transfer and tax services, these offices set themselves apart from traditional wealth management firms. Although they vary in their level of service, most typically invest heavily in consultants, databases and analytical tools that help them conduct due diligence on money managers or optimize a portfolio of investments for tax purposes.

In this article, we’ll review the top three trends affecting family offices, including the rapid growth of the family office industry, the types of family office services provided, and the increasingly sophisticated use of hedge funds and alternative investments by both single and multifamily offices.

Family Office Facts
There are two types of family offices: single-family offices (SFOs) and multifamily offices (MFOs). Single family offices serve one wealthy family, while multifamily offices operate more like traditional private wealth management practices with multiple clients. Multifamily offices are much more common because they can spread heavy investments in technology and consultants among several high-net-worth clients instead of a single individual or family.

Tackling the Trends
Prominent trends fueling the growth of family offices include:

1. There is a growing number of high-net-worth and ultra-high-net-worth classes around the world. In most developed nations, the wealthy are accumulating assets more rapidly than the middle class. At the same time, many emerging economies are thriving, with annual growth rates of 4-8%. Many experts have noted that by 2015-2020, China’s upper class will be larger than America’s middle class. Growth in countries such as China, Brazil, India and Russia will ensure that the family office format of wealth management services continues to grow in popularity over the next five to seven years. (To learn more about emerging economies, see What Is An Emerging Market Economy? and Demographic Trends And The Implications For Investment.)
2. Profitability is a growing challenge for family offices. As populations amass greater wealth, large wealth management firms are competing on a cost basis and moving a larger portion of their core services online. While the average person might appreciate saving hundreds or even thousands of dollars in fees each year, many affluent individuals would much rather spend $20,000 to $100,000 a year to ensure that experienced professionals are managing their investments and taxes to fit their specific financial goals and risk tolerances. Read more…

Related to Private Banking and Wealth Management:

• Family Offices
• Family Office Wealth Management
• Multi-Family Offices Blog
• The Cost of Being Wealthy
• Investing Book
• Family Offices Message Board
• Family Office Industry
• Family Office Consultants
• Family Wealth Management

Permanent Link: Private Banking and Wealth Management

Tags: Private Banking and Wealth Management, Family Offices, High Net Worth Banking, High Net Worth Wealth Management, Private Bank Wealth Management, Private Banking Wealth Management, Private Wealth Management Group, Best Private Wealth Management, Top Private Wealth Management, Family Office Private Wealth Management

Private Wealth Management

Private Wealth Management Trends

Below is a short excerpt from a recent article I wrote for Investopedia on family offices and private wealth management trends:
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Family offices are private wealth management advisory firms that serve ultra-high-net-worth clients. There are more than 3,500 family offices based in the United States. By offering a complete outsourced solution to managing finances and investments, including budgeting, insurance, charitable giving, family-owned business, and wealth transfer and tax services, these offices set themselves apart from traditional wealth management firms. Although they vary in their level of service, most typically invest heavily in consultants, databases and analytical tools that help them conduct due diligence on money managers or optimize a portfolio of investments for tax purposes.

In this article, we’ll review the top three trends affecting family offices, including the rapid growth of the family office industry, the types of family office services provided, and the increasingly sophisticated use of hedge funds and alternative investments by both single and multifamily offices.

Family Office Facts
There are two types of family offices: single-family offices (SFOs) and multifamily offices (MFOs). Single family offices serve one wealthy family, while multifamily offices operate more like traditional private wealth management practices with multiple clients. Multifamily offices are much more common because they can spread heavy investments in technology and consultants among several high-net-worth clients instead of a single individual or family.

Tackling the Trends
Prominent trends fueling the growth of family offices include:

1. There is a growing number of high-net-worth and ultra-high-net-worth classes around the world. In most developed nations, the wealthy are accumulating assets more rapidly than the middle class. At the same time, many emerging economies are thriving, with annual growth rates of 4-8%. Many experts have noted that by 2015-2020, China’s upper class will be larger than America’s middle class. Growth in countries such as China, Brazil, India and Russia will ensure that the family office format of wealth management services continues to grow in popularity over the next five to seven years. (To learn more about emerging economies, see What Is An Emerging Market Economy? and Demographic Trends And The Implications For Investment.)
2. Profitability is a growing challenge for family offices. As populations amass greater wealth, large wealth management firms are competing on a cost basis and moving a larger portion of their core services online. While the average person might appreciate saving hundreds or even thousands of dollars in fees each year, many affluent individuals would much rather spend $20,000 to $100,000 a year to ensure that experienced professionals are managing their investments and taxes to fit their specific financial goals and risk tolerances. Read more…

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Related to Private Wealth Management:

• Family Offices
• Investment Book
• Family Office Wealth Management
• Family Office Hedge Fund
• Financial Certification
• Hedge Fund Forum
• What Are Family Offices?
• Family Office Management Interview
• Hedge Fund Associations

Permanent Link: Private Wealth Management

Tags: Private Wealth Management, Family Offices, High Net Worth Banking, High Net Worth Wealth Management, Private Bank Wealth Management, Private Banking Wealth Management, Private Wealth Management Group, Best Private Wealth Management, Top Private Wealth Management, Family Office Private Wealth Management

Balyasny Asset Management LP

Balyasny Asset Management LP & Barry Colbin

The following piece on Balyasny Asset Management LP is being published as part of our daily effort to track hedge fund events in the industry. To review other hedge fund related announcements please see our Hedge Fund Tracker Tool.
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Balyasny Asset Management LP recruited more than 30 money managers and analysts from competing hedge funds in the first eight months of the year, exceeding its total for all of 2007.

“We have been aggressively looking for talent, and in a year like this, there are a lot more candidates out there,” said Barry Colvin, vice chairman of the Chicago-based firm, which oversees $2.5 billion. Hires came from New York-based Satellite Asset Management LP and Magnetar Capital LLC in Chicago, which have both lost money this year.

While more than 200 hedge funds shut down this year, Balyasny, SAC Capital Advisors LLC and Citadel Investment Group LLC are taking advantage of the industry’s worst performance in a decade to go on a hiring spree. Hedge funds, diminished by a scarcity of credit and enfeebled stock markets, fell by an average 4.7 percent as of Aug. 28, according to data compiled by HFR inChicago. Sixty-one percent of the 2,795 funds managing more than $100 million that are in New York-based HFN database are losing money in 2008.

Most hedge funds have what are known as high-water marks that prevent them from collecting performance fees, usually 20 percent of investment profits, until they recoup declines from peak fund values. That leaves a shrinking base of management fees, typically 2 percent of assets, to pay employees. Read more…

Free Daily Hedge Fund Newsletter

Related to Balyasny Asset Management LP:

• Hedge Fund Tracker Tool
• Investment Book
• New York Hedge Fund Guide
• Chicago Hedge Fund Guide
• Financial Certification
• Hedge Fund Forum
• Canada Hedge Fund Guide
• Texas Hedge Fund Guide
• San Francisco Hedge Fund Guide
• California Hedge Fund Guide
• London Hedge Fund Guide

Permanent Link: Balyasny Asset Management LP
Tags: Balyasny Asset Management LP, Barry Colvin, Satellite Asset Management LP, Magnetar Capital LLC, Citadel Investment Group LLC, Hedge Fund Research Inc, New York Hedge fund, Hedge funds in New York

Family Office Links

Family Office Resource List

I just found this great article providing dozens of links out to other family office resources. The resources include articles, associations, family office services descriptions, PowerPoint presentations and research papers. To view this article please click here. If you have additional resources that you would like to see linked to within this blog on family offices please email me.

Permanent Link: Family Office Links
Tags: Family Office, Family Office Resources, Family Office Websites, Family Office Links

Multi-Family Office Services

What Services do Multi-Family Offices Provide?

Multi-Family Offices are exclusive wealth management firms that usually only accept clients with at least $10-$25M of investible securities. They typically have less total clients but spend more time with each client often assisting with tax, estate planning, charitable giving, foundation, and even budget issues in addition to traditional wealth management services. The costs are typically a little higher than a traditional wealth management office but you get more personal comprehensive service and usually a more sophisticated view of portfolio construction with access to alternative investments.

Family office professionals will take the time to ensure your separately managed acocunt investments and Hedge Funds are balanced and in line with your 401k or IRA investments. Their employees are often experienced and sophisticated enough to understand unified managed accounts (umas), and will be able to explain them to clientele so they may be employed where appropriate. While many family offices use hedge fund of funds, family office professionals will often find an individual hedge fund manager that fits you best if they do not already have one that they work with, and ultimately they are known for working harder to make you happy because they only work with a smaller group of core clients. Many high net worth individuals belong to health groups where doctors will take the time to set down with you for a couple hours each quarter or year and talk about your health and habits. This type of highly personal attention is equivalent to what you get in a financial sense at the best family offices.

- Chris

Permanent Link: Multi-Family Office Services
Tags:Multi-Family Offices, Family Offices, Multi Family Offices, family office services, high net worth multi-family offices, high net worth wealth management

Hedge Fund Guides

Geographical Hedge Fund Guides

Below please find guides by countries and regions, states and cities. Each guide provides links to 15-30 online resources which in total can provide a decent introduction to what it would be like to conduct business or work in that region or city.

Top 5 Most Popular Geo-Guides

1. California
2. Connecticut
3. London
4. New York
5. San Francisco

City Guides

• Boston
• Chicago
• London
• San Francisco
• Washington D.C.

Country / Region Guides

• Asia
• Australia
• Bermuda
• Brazil
• Canada
• Cayman Islands
• China
• Denmark
• Dubai
• European
• France
• Germany
• Hong Kong
• Indonesia
• Japan
• Mexico
• Russian
• Singapore
• Spain
• Switzerland
• South Africa

State by State Guides

• New York
• Connecticut
• Texas
• California
• New Jersey

State by State Guides Being Created (Please send in resources as possible)

• Alabama
• Alaska
• Arizona
• Arkansas
• Colorado
• Delaware
• Florida
• Georgia
• Hawaii
• Illinois
• Indiana
• Iowa
• Kansas
• Kentucky
• Louisiana
• Maine
• Maryland
• Massachusetts
• Michigan
• Minnesota
• Mississippi
• Missouri
• Idaho
• Montana
• Nebraska
• Nevada
• New Hampshire
• New Mexico
• North Carolina
• North Dakota
• Ohio
• Oklahoma
• Oregon
• Pennsylvania
• Rhode Island
• South Carolina
• South Dakota
• Tennessee
• Utah
• Vermont
• Washington
• West Virginia
• Wisconsin
• Wyoming

For lists of hedge funds by state available for sale please see these links:

• List Directory of Hedge Funds in New York
• List of Hedge Fund Managers in California CA San Francisco
• Directory List of Hedge Funds in Texas | Dallas
  
• Directory List of Hedge Funds in Connecticut | CT
• List Directory of Hedge Funds in Massachusetts
• List Directory of Hedge Fund Managers in Chicago IL Illinois

We will be developing far more of these in the future. Please let me know if you have a request for a specific region or city and I can add it to my list of projects. Richard@HedgeFundGroup.org. To keep updated on new guides coming out soon please subscribe to this blog via the blue link below.

Family Owned Businesses

Challenges of Family Owned Businesses

Many wealth individuals or families seek out single and multi-family offices while managing a family business or just after selling one or two family owned businesses. Since this is often the case it might help family office relationship managers to be well experienced or read within the niche of family ran businesses.

I just found a great PowerPoint presentation discussing the challenges of managing a family owned business enterprise and what one group has done to address these challenges. Please click here to read the PowerPoint presentation.

- Richard

Articles Related to Family Owned Businesses

1. Family Office Services
2. Family Office Wealth Management
3. Family Office Jobs
4. Multi-Family Offices Blog
5. Family Office Professionals

Permanent Link: Family Owned Businesses

Tags: Family Owned Businesses, Family Business Planning, Family Business Consulting, family business management, family business succession planning, family business succession, a family business, small family business

Family Office Customer Service

Private Banking & Family Office Customer Service

Here is a short video that I found interesting about how Family Offices and private banking groups can improve their customer service. In this video a hotel manager from a prestigious 5 star hotel in Switzerland is interviewed about how to maintain industry-leading high quality customer service on a broad scale.

- Richard

Articles Related to Family Office Customer Service

1. Family Office Services
2. Family Office Wealth Management
3. Family Office Jobs
4. Multi-Family Offices Blog
5. Family Office Professionals

Permanent Link: Family Office Customer Service Video
Tags: Family Office Customer Service, Family Office Training, Family Office Management

Family Office Consultants

Family Office Consultants List

While working with family offices and running the Family Offices Group I have met many consultants in the industry. The following is a list of consultants which work with family offices.

Riotto-Jones and Company – Riotto-Jones is a leading consulting and search firm with over 26 years of experience focusing in all areas of family office and multi family office position searches.
Website: www.RiottoJones.com

Permanent Link: Family Office Consultants

Tags: Family Office Consultant, Family Office Consultants, Family Offices Consultant, Family Offices Consultants

Hedge Fund Business

Hedge Fund Business Overview

Here is a relatively long whitepaper/Powerpoint on the business of hedge funds. It gives a good overview of the industry, where hedge funds are domiciled and discusses popular structures and strategies employed by both hedge funds and fund of hedge funds.

Please click here to view this report.

- Richard

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Articles Related to “Hedge Fund Business”

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7. Hedge Fund Employment
8. Hedge Fund News
9. Chartered Alternative Investment Analyst (CAIA)
10. Chartered Financial Analyst CFA

Permanent Link: Hedge Fund Business
Tags: Hedge Fund Business, Hedge Funds as a Business, Hedge Funds Business, Fund of Fund Business, Hedge of Hedge Funds Business, Starting a Hedge Fund Business

Starting a Family office

Starting a Single of Multi Family Office

I just found this whitepaper on starting a family office. It is a quick read (3-4 pages long) and covers the current state of the family office industry, how much money family offices typically manage and what services that most family office firms currently offer.

Here is the abstract from this family office startup whitepaper: “Many families who have experienced a significant liquidity event will consider setting up a family office. The purpose of this white paper is to discuss the reasons families consider establishing an office, to describe the typical duties of such offices and to suggest a basic framework for designing and setting up a successful family office.”

If you are starting up a family office let me know if I can help connect you with any resources.

- Richard

Articles Related to Starting a Single or Multi Family Office

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5. Fund of fund
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7. Family Office Services
8. Family Office Marketing
9. Virtual Family Offices
10. Sovereign Wealth Funds Video

Tags: Starting a Single or Multi-Family Office, Family Office Startups, Start a Multi-family office, Start a single family office, how to start a family office, wealth management, private banking, finance, investments, high net worth, investing
Permanent Link: Starting a Single or Multi-Family Office

Fund of Fund

Fund of Funds Video

Here is a short video on what a fund of fund is and what advantages a fund of funds might have over a single hedge fund investment.

- Richard

Articles Related to Fund of Funds

1. Philanthropic Giving
2. Family Office Services
3. Family Office Wealth Management
4. Family Office Jobs
5. Family Office Jobs
6. Family Office Professionals
7. Family Office Marketing
8. Investment Internships
9. Family Office Resources
10. Join The Family Offices Group

Tags: Fund of Fund, Fund of Funds, fund of hedge funds, hedge funds, hedge fund, family office, wealth management, private banking, finance, investing, investor, investment
Permanent Link: Fund of fund

Family Office Resources

Online Family Office Resources

I just found this great article providing dozens of links out to other family office resources. The resources include articles, associations, family office services descriptions, PowerPoint presentations and research papers. To view this article please click here. If you have additional resources that you would like to see linked to within this blog on family offices please email Richard@HedgeFundGroup.org.

- Richard

Articles Related to Online Family Office Resources

1. Family Office Services
2. Family Office Wealth Management
3. Family Office Jobs
4. Multi-Family Offices Blog
5. Family Office Professionals

Permanent Link: Family Office Resources
Tags: Family Offices, Wealth Management, Private Banking, Investments, Finance, Hedge Funds, Private Wealth Management, Money, Finance, Investments

Wealth Management Industry

Wealth Management Industry Trends

Content coming soon on Wealth Management Industry please check back soon for more details.

Permanent Link: Wealth Management Industry

Tags: Wealth Management Industry, banking and wealth management industry, private wealth management industry, wealth management in India, wealth management in China

Forbes Media bought Investopedia this year for an undisclosed amount that was probably in the tens of millions of dollars. The site had over 2.5M unique visitors a day and held over 5,200 definitions of commonly used and obscure financial terms.

Cellphones.com was sold by a man in Vegas for $4.2M. Before selling this man was earning $1,300/day off of the advertising revenue from this website.

I only buy investment related domains such as ThirdPartyMarketing.com, HedgeFundBlogger.com and HedgeFundRegulation.com, there are a number of ways to make money from purchased domains:

• Ad revenue generated from relevant content and high Google rankings
• Domain parking ad revenue
• Leads generated through a form posted on the website
• Leasing the website to an established business in the industry
• Selling the domain to another “domainer” or a professional in the industry
• Creating a full-fledged or virtual store based on the high traffic that a domain name receives – see VitaCost.com and ThinkGeek.com.

Some of my current web projects include:

• http://separatemanagedaccount.com
• http://thirdpartymarketing.com
• http://hedgefundscareer.com
• http://hedgefundrecruiting.com
• http://primebrokerageguide.com
• http://familyofficesgroup.com
• http://hedgefundgroup.org
• http://highnetworthblog.com

- Richard

Related Articles

1. Hedge fund
2. Hedge Funds
3. Hedge Fund Managers
4. Hedge Fund Jobs
5. Hedge Fund Research
6. Hedge Fund Strategy
7. Hedge Fund Marketing
8. Hedge Fund Due Diligence
9. Hedge Fund Terms

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Mitsui & Co.

Mitsui & Co. Will Close U.S. Hedge Fund

The following piece on Mitsui & Co. is being published as part of our daily effort to track hedge fund events in the industry. To review other hedge fund related announcements please see our Hedge Fund Tracker Tool.
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Mitsui & Co., Japan’s second-largest trading company, will close its New York hedge fund business as it shifts to investments including property and utilities.
Mitsui, with businesses ranging from import-export to financial services, decided to shut Mitsui & Co. Alternative Investment Corp. because it failed to meet the company’s targets amid the turmoil of the global credit squeeze, Masaji Matsuoka, who is in charge of formulating funds at the firm’s asset management division, said in an interview in Tokyo yesterday.

The unit was established in 2005 to mainly target institutional investors in Japan who sought to diversify their investments through hedge funds, Matsuoka said. Tokyo-based Mitsui aims to focus on investing where it has more expertise, Matsuoka said. In June, it announced plans to raise as much as $1.2 billion for a fund to invest in infrastructure assets such as power generators, electricity and gas transmission companies, and railways.

“We’re in the midst of shifting our focus to investments that match the business model of a trading company,” Matsuoka said. “We don’t have any plans in the near future to pursue hedge fund investments.”

The company has raised about 20 billion yen ($188 million) for the Emerging Market Infrastructure Fund, Matsuoka said. Mitsui may also create funds to invest in agricultural businesses, emission credits and metal, he said. More……

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Tags: Mitsui & Co., Masaji Matsuoka, infrastructure assets, Emerging Market Infrastructure Fund

Psigma Investment Management

Psignma Investment Management – Notes

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Many groups seem to be launching these types of balanced funds – seeking to secure footholds within the same markets that traditional fund of hedge funds have served.

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London-based Psigma Investment Management is launching a multi-strategy fund investing in investment trusts, fund of hedge funds and exchange-traded funds next week, it said.
Tom Becket, manager of the PSigma Balanced Managed Fund of Funds, said the portfolio will begin with a total of about 40% in equities, skewed towards international markets. Becket added that he currently favors the healthcare sector because of its short-term defensive characteristics and longer-term growth potential and said the fund will invest in Polar Capital’s Healthcare Opportunities fund to gain exposure to the sector.

On the credit front, Becket said the current dislocation in the space is making for “fantastic long term opportunities” and he is optimistic about the attractive yields to maturity on investment grade financial bonds.

“We believe that the experiences of Northern Rock and Bear Stearns show that the Bank of England and the U.S. Treasury have decreed the banks as ‘sacrosanct’, so there is virtually no chance of bond holders not getting back their capital invested,” he said. Read more…

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Tags: Psigma Investment Management, multi-strategy fund, investment trusts, hedge fund of funds, exchange-traded funds, Polar Capital, Healthcare Opportunities fund, Northern Rock, Bear Stearns, Bank of England, U.S. Treasury Psigma Capital Management Hedge Fund

Private Banking

Private Banking Trends

Private banking is a term for banking, investment and other financial services provided by banks to private individuals disposing of sizable assets. The term “private” refers to the customer service being rendered on a more personal basis than in mass-market retail banking, usually via dedicated bank advisers. It should not be confused with a private bank which is simply a non-incorporated banking institution.

Traditionally, the Private Banking world has consisted of individuals with liquid assets of $2,000,000 or more. More recently, Private Banking options have become available to individuals with as low as $250,000 in liquid assets.

A firm by the name of Euromoney did a survey on the top private banking firms around the world and came up with the following results. Please see their Private Banking Survey for more information and how each firm was rated.

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High Net Worth

High Net Worth Individuals

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