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A group of London-based financiers have come together to form a new multi family office designed to more closely align the interests of the partners with those of its clients.
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US hedge fund SAC Capital – founded by Steve Cohen and worth a reported $15 billion (€11.6 billion) – is currently the subject of a Securities and Exchange Commission insider trading investigation, with nine former or current employees charged or implicated in the scandal.
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Despite the Madoff scandal being an increasingly distant memory, concern about financial fraud is still uppermost in the minds of the wealthiest investors, particularly when it comes to hedge funds, according to a recent study.
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Wealthy individuals in the Middle East prefer the privacy and trust of a single-family office to the offerings of a multi-family office, new research from investment advisers Invesco has revealed.
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