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

  • When SFOs evolve into MFOs

  • Middle East war creates new opportunities for Hong Kong

  • Avoiding the third-generation curse

  • Cresset co-founder on playing the long game

  • Kevin Warsh sets up family office after leaving Fed circle

  • Living Large: Wolf of Wall Street penthouse up for grabs

๐• highlights

When single family offices evolve into multi-family offices.

Huge family office moves.

India pushing for family offices

Family office shifting out of London.

The benefit of co-investment: Michael Dellโ€™s family office boss could be pushing a billion.

The big givers.

The cost of AI!

reddit highlights

Avoiding the third-generation curse.

in highlights

Family Office news roundup

Middle East war creating new opportunities for Hong Kong. Since Iran conflict escalated in late February, the financial and legal sectors in Hong Kong have been increasingly fielding inquiries from global investors about moving their wealth to the city - SCMP

Sergey Brinโ€™s family office takes over brain-focused venture fund. Sergey Brinโ€™s family office is stepping in to run a neuroscience-focused VC fund, doubling down on brain tech and longevity-style bets - Bloomberg

Raffles Family Office puts philanthropy activities on a single platform. Raffles Family Office is rolling out a central platform to manage clientsโ€™ philanthropic giving, trying to bring structure and visibility to whatโ€™s often a fragmented part of wealth - WealthBriefingAsia

Family office priorities shift amid generational transitions. Family offices are rethinking everything as wealth passes to younger generations, with more focus on impact investing, tech, and less patience for legacy structures - ai-cio

Kevin Warsh sets up family office after leaving Fed circle. Federal Reserve Chair nominee Kevin Warsh is launching his own family office, shifting from policymaker to capital allocator, and monetizing networks and access post-public life - CNBC

Living Large: the finer things in life

Fancy the Wolf of Wall Street penthouse? The 2,700-square-foot corner unit in The Milan on East 55th Street famously appeared inย The Wolf of Wall Streetย as the Manhattan apartment of Jordan Belfort, played by Leonardo DiCaprio. In the film, it reads as his โ€œstarterโ€ place, before drunk helicopter rides to Long Island mansions - Robb Report

Have you or someone you know recently dealt with friction around the rising generation and succession? Weโ€™ll be covering in an upcoming newsletter, so hit REPLY to share a short insight or anecdote.

ICYMI: last weekโ€™s newsletter shared tax secrets the ultra rich use to preserve wealth.

And donโ€™t forget to join the convo on ๐•, reddit or LinkedIn.

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