Family offices to share knowledge through the Wigmore Association

Six family offices from Europe, North America and Australia have set up a new initiative, called the Wigmore Association, to share investment resources and research.

The group, which has already met twice in 2011 but is currently formalising its structure, includes UK-based Sand Aire, German HQ Trust, the Myer Family Company from Australia, Canada’s family office Northwood, and Pitcairn and Progeny 3, both from the US.

“We have been operating informally for most of this year and we have already benefited from the exchange of information,” Sand Aire chief investment officer Marc Hendriks said, adding that the group has “considerable” combined assets under management.

"We all operate from a global economic framework in which trading markets are intertwined as never before,” added Dirk Jungé, chief executive of Pitcairn.