A weekly collection of news and highlights. Included this week:
The assets held by the top 0.1% in the US
Is your investment committee truly objective?
A look at PE firm L Catterton
Time to stop using the term MFO?
Introducing the millennial family office
Living Large: Jean Arnault is just getting started
๐ highlights
For the uninitiated, a primer on family offices from Bloomberg.
Remarkable gold holdings.
The billionaires in line to pay the prospective California wealth tax.
Persistently high interest rates are making family offices increasingly selective about real estate investments.
The assets held by the top 0.1% in the US.
The FT has rarely been accused of being too sympathetic to Trump. But an interesting read on the Trump family business.
reddit highlights
Annual spend for $20-$30M net worth.
in highlights
Who sits on your investment committee, and how objective are they?
A look at consumer-focused private equity firm L Catterton.
On separating Financial Management from Investment Advisory.
Family Office news roundup
Time to stop using the term multi-family office? Spear's questions whether the increasingly broad multi-family office label still gives wealthy families a useful description of the services they are buying. It's a worthwhile debate as the distinction between independent family offices, private banks and wealth managers becomes less clear - Spear's
Family office advisers tackle philanthropyโs new era. Philanthropy is increasingly being viewed as a way to engage younger family members rather than simply distribute charitable donations. Advisers highlight how giving can help wealthy children develop empathy, navigate disagreements and become more involved in family decision-making - Citywire
Introducing the millennial family office. Private Equity Wire examines the emergence of a younger generation of family office decision-makers. The generational shift raises questions about how traditional investment approaches and family office structures will evolve as millennials take greater control of wealth - Private Equity Wire
Family dynasties that built venture capital. A look at the role wealthy families and investment dynasties have played in building the VC industry. An interesting historical perspective on how patient family capital helped shape an asset class now central to many family office portfolios - Forbes
What a December rate rise could mean for Hong Kong family office property portfolios? An interest-rate increase would likely only have a short-term impact on family officesโ property investments, industry insiders say - SCMP
The Dell Family's $6.25B Bet on America's Children. An extraordinary philanthropic experiment, and one that could change how wealthy families think about giving - Mr Family Office
Unrest in Europe boosts interest in Singapore as a family office hub. Ongoing unrest in France has prompted enquiries from established family offices in Europe, which are keen to deploy capital to Singapore to mitigate geopolitical risk - The Business Times
Living Large: the finer things in life
Jean Arnault is just getting started. The youngest son of Bernard Arnault, Jean Arnault was just 22 years old when he was handed the keys to Louis Vuittonโs watchmaking division. Now at 28, the director of watches at LV is winning over both skeptics and serious collectors along the way - Robb Report
ICYMI: in last weekโs newsletter we spoke to Elizabeth Thiessen, the Head of Family Office at Bank of America Private Bank, on how US family offices are preparing for what comes next.
X
Find out moreโฆ
