There are many lessons to be learned from the Cyprus fiasco, one of which is that offshore banking is a fragile thing on which to rest your economy these days.
NEWS & ANALYSIS
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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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Investment
Deutsche Bank has established the largest family office in Germany with the merger of two of its existing units. Based in Frankfurt, Cologne and Munich, Deutsche Oppenheim Family Office has total assets under management of around €10 billion.
There is growing evidence that family offices are shedding funds and looking for opportunities to invest directly, but what are the consequences of dealing purely with the market?
Family Office
Law firm Withers has added three new members to its Milan office as part of its strategy to increase its services for family businesses in Italy.
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