FAMILY OFFICE BUZZ
A weekly collection of family office news and highlights. Included this week:
The fake family office that catfished London’s VC community
What successful founders have in common
A new global family office deals study
How to prevent a Murdoch succession drama
The “A billion… or whatever you recommend” investment approach
𝕏 highlights
An interesting take on the traits of founders.
A Twitter friend is putting together a platform to match GPs and LPs. There is so much demand from both sponsors and investors for match-making.
Some staggering philanthropy!
Is $40M enough to retire?
And who needs financial models?
in LinkedIn highlights
The fake family office that catfished London’s VC ecosystem.
A new PWC Global Family Office Deals study is out.
Trends from the DBS & Bloomberg report on Indian "Diaspora" Family Offices
📰 family office news roundup
Hong Kong's Family Office Evolution: Building Bridges With The Middle East. Hong Kong is courting wealthy families from the Middle East. Hong Kong continues to position itself as Asia's the family office hub in Asia. Middle Eastern families are attracted to the investment freedom, tax advantages and access to Asia markets - Forbes
In an increasingly complex environment, UHNW families in Asia seek bespoke wealth solutions. Life isn't getting any simpler for family offices. The changing needs of ultra-high-net-worth families demand increasingly complex family offices, but family offices are rising to the challenge - South China Morning Post
Family offices face hidden risks in making direct investments. Family offices are increasingly making direct investments in private companies, but many lack the professional expertise, long-term focus, and oversight to fully capitalize on these opportunities, according to a Wharton study. While direct deals offer potential for higher returns, issues like short time horizons and minimal board involvement could undermine their success - Money Report, CNBC
Billionaire Dyson’s Family Office Hires Ex-Amundi Stock Picker. The family office of British billionaire James Dyson has been making changes. James Dyson’s family office hired a former Amundi SA executive to help oversee its financial assets - Bloomberg
How to prevent a Murdoch succession drama. Rupert Murdoch's attempt to consolidate control of his media empire under his eldest son Lachlan failed after a Nevada court ruled against restructuring the family trust. The case highlights the challenges of succession planning in family businesses, emphasizing the importance of flexibility, clear governance, and addressing family dynamics to avoid disputes - Spears
Last week’s newsletter was a popular one: Golden Passports Made Easy.
This included a link to a full list of the 14 most accessible golden passports. Some people had a problem with the link - so here it is again.
Friday’s newsletter is on the best of 2024… it’s going to be a fun one!
But for now, friends, I wish you a very Merry Christmas. X
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