A weekly collection of news and highlights. Included this week:

  • The fully automated family office

  • Chinese super-rich opting for Dubai over Singapore

  • How family office structures should evolve over time

  • Alleged scammer that stole billions robbed by his own family-office chief

  • Tech lag a major risk for family offices

  • Living Large: a vintage Patek just sold for $17.6M

𝕏 highlights

The assets that make up wealth.

The ultra-wealthy are buying sports teams.

The vision of a fully automated family office.

Friday’s newsletter was on AI in family offices. What will the impact of AI be: internet or fax machine?

Chinese family offices are opting for Dubai over Singapore.

This feels too low.

Calling yourself a family office doesn’t make you a family office.

in highlights

Family Office news roundup

Matching GPs and LPs. LP Lessons covers LP topics in private real estate and is founded by our friend Aleksey Chernobelskiy, who also cofounded the no-fee platform GP-LP Match. He recently analyzed 216 platform deals - Deep Dive on GP-LP Match Data

Family Office structure: has yours evolved with the times? Family offices set up around founders’ direct interests are being challenged by multi-generational dynamics, technological complexity and broadened investment mandates – PwC (Australia)

Family offices slash deal count but double down on massive AI bets. Ultra-rich family offices are cutting the number of deals (October down ~63% year-on-year) but still writing huge checks, particularly in AI - CNBC

He allegedly stole billions with scams: his own family-office chief stole from him. Chen Zhi, accused of running one of Asia’s biggest scam networks, found himself duped by his own family-office chief, who stole millions - The Business Times

Family offices tech lag could cause significant risks. A recent survey of North-American family offices finds that 27% say they don’t have a formal technology strategy, while 41% are only now developing one - The Wall Street Journal / Deloitte

Family office software roundup. New report outlines how family offices want more than pure technology service, and highlights how far industry has matured: vendors now offer thirteen ‘core’ categories of tech solutions - Forbes

Living Large: the finer things in life

On Saturday this vintage Patek sold for $17.6 million at auction in Geneva. A steel version of the world's first serially produced perpetual calendar chronograph is extremely rare: produced in 1943, this Patek Philippe Ref. 1518 is one of only four known - Hodinkee

Friday’s newsletter takes a look at the family office ecosystem in Dubai with input from principals and service providers on the ground.

If you’re based in Dubai and have a unique perspective to share, feel free to reach out!

Otherwise join the discussion on 𝕏 or LinkedIn.

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