A weekly collection of news and highlights. Included this week:
How to avoid getting fleeced on SPVs
Citi publishes report on AI in family offices
Bali aims to become the next Dubai
New family office portfolio tracker launched
Living Large: The blind tasting that changed the wine world, 50 years on
๐ highlights
How to avoid getting fleeced on SPVs.
What will SpaceX people do with their IPO wealth? A notably different approach.
A profile of Sam Zellโs family office.
reddit highlights
Rich people problems.
in highlights
Anthropicโs head of wealth asks: โWhat does a great investment team look like when intelligence is no longer the binding constraint?โ
CNBC and Addepar launch family office portfolio tracker.
Family Office news roundup
Generational wealth: five pillars for family offices to discuss with clients. Preserving wealth across generations requires focus on five core areas: governance, communication, succession planning, education of the next generation and shared family purpose - Forbes
The ultra-wealthy are turning away from short-term returns. How family offices and wealthy families are allocating more capital toward private markets, infrastructure, direct investments and operating businesses that may take years to mature - Wealth Professional Canada
Duquesne family office cuts back โ then loads up on new bets. Legendary investor Stan Druckenmiller significantly reduced the size of his U.S. equity portfolio in the first quarter, while simultaneously opening 30 new positions, moves that suggest repositioning rather than retreat - Institutional Investor
Scott Saslow wrote the book on family offices. A look at philanthropist and investor Scott Saslow and his growing influence in the family office world, noting his new book that explores how wealthy families can think more intentionally about philanthropy, governance and long-term impact - Inside Philanthropy
Mark Zuckerberg hiring a โlifeguardโ for private Hawaiian lagoon. A look at the extraordinary lengths that Mark Zuckerberg is going to to manage privacy, safety and operational control around his estates - WIRED
Living Large: the finer things in life
The โJudgement of Parisโ turned 50 this week. Hard to imagine it but 50 years ago there wasnโt much interest in Californian wine outside of the state itself. One blind tasting of French vs. Californian wines held in Paris on 24 May 1976 changed all that, and as Wine Spectator points out, the wine world is a completely different place today because of it.
ICYMI: last Fridayโs newsletter covered the worldโs most expensive homes, a lesson on how money doesn't always buy taste!
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