Is there really a UK wealth exodus? Yes.

Exploring the family office fingerprint.

Perspectives from the WMI Global-Asia Family Office Summit.

Unlocking and scaling private markets. Private wealth investors, fund managers, regulators, and solution providers will gather in London later this month to exchange insights on how access models, allocation strategies, and technology are transforming opportunities for wealth clients (sponsored) - AltPrivateWealth

94-year-old building one of the biggest family offices. After selling Jetro Restaurant Depot to Sysco for $29 billion, Nathan Kirsh and his family are massively scaling up their New York family office, Kifo. They are hiring a CIO plus heads of public and private investments, with plans for an endowment-style portfolio - The Wall Street Journal

90% of world’s richest family offices made money in 2026 YTD. Nearly 90% of family offices surveyed by Citi made money this year, with public equities now the biggest allocation at 30%. Despite volatility, most are staying invested, leaning further into developed-market equities and worrying far more about inflation than geopolitics - Financial Express

Billionaire family offices back geothermal energy in September. Family office dealmaking slowed in September, but the bets remained big and adventurous. Eric Schmidt backed Mistral’s $3.4 billion AI round, Stanley Druckenmiller invested in semiconductor and brain-computer startups, while John Arnold and John Doerr led a $135 million raise for geothermal startup Mazama Energy - CNBC

Sergey Brin could owe $13B if he loses billionaire tax fight. The Google cofounder has poured $102 million into opposing California’s proposed one-off 5% billionaire tax, making him the biggest individual donor to the campaign. With a fortune of roughly $260 billion, Brin could face a $13 billion bill if Proposition 40 passes in November - Fortune

Family offices eyeing Chinese investments as US-China tensions ease. Ultra-wealthy families in Europe, the Middle East and Africa view China as their most favoured market for future investments, as concerns over tensions between Beijing and Washington ease - SCMP

The document most family offices are missing. While still often overlooked, a family constitution is evidently one of the most effective tools a family office can put in place to answer this question - Forbes

What the busiest US private jet airports reveal about the industry. All private jet companies follow the money. It’s a simple formula: where the rich are, they are. Here’s where they are, and what’s happening inside each in a booming year for the industry - Forbes

ICYMI: last week’s newsletter shared how service providers can pivot to family offices.

Until Friday, see you on 𝕏, reddit or LinkedIn.

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