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Wealthy families and family offices should take quick action to clear tax arrears, says expert

November 29, 2011

Ultra-high net worth families and family offices in the UK need to move quickly and clear up their tax arrears to benefit from the Liechtenstein Disclosure Facility, according to an expert in international taxation.

“If families are not dealing with clearing [undisclosed assets], they are not doing the next generation any favours. The LDF is a way to change that at a time when passing on wealth is a challenge,” Philip Marcovici, a member of the board of wealth manager Kaiser Partner and a former partner at law firm Baker & McKenzie, told CampdenFO.

Signia Wealth appoints new managing director

October 6, 2011

The founder of the London Entrepreneurial Exchange is joining Signia Wealth, the wealth management boutique announced today (6 October).

Shalini Khemka has been appointed as a managing director with responsibility for developing Signia’s private equity arm and organising the group’s expansion efforts.

She will work closely with Nathalie Dauriac-Stoebe, chief executive of Signia Wealth, and Spencer Moulton, director of the management firm’s private equity division, the group said.

Rothschild expands UHNW team

October 4, 2011

Beat Näf, a former family office head, joined Rothschild, as the wealth management group continues its focus on growing its ultra-high net worth team.

Until 2010, Näf was chief executive of Müller-Möhl Group, a Zurich-based single family office founded in 2000 to manage the investment portfolio of the Müller-Möhl family, who made its fortune in the banking sector.

Research expert joins Guinness family office

September 22, 2011

Multi family office Iveagh has appointed research expert William Beverley to its investment team, as part of the firm’s ongoing process to broaden its level of expertise.

Beverley, who previously worked at Morgan Stanley Investment Management and Barclays Capital, is to take charge of Iveagh’s macroeconomic and quantitative research development, the firm said in a statement on 20 September.

Ex-Economist editor Bill Emmott joins Fleming Family & Partners

September 21, 2011

Bill Emmott, the former editor-in-chief of The Economist, has joined multi family office Fleming Family & Partners, taking on the role of group economic adviser.

In a statement released on 21 September, the international wealth manager said Emmott will provide macro-economic analysis and contribute to the group’s investment strategy reviews, as well as speaking at FF&P events.

Family offices outsource CIO function as exposure to hedge funds rise

September 1, 2011

Family offices are increasingly outsourcing the function of the chief investment officer, as they aim to monitor more efficiently their growing focus on hedge funds, according to a top investment expert.

Are hedge funds about to become family offices?

July 28, 2011

Given that George Soros, arguably the most successful hedge fund manger ever, is turning his hedge fund into a family office are others about to follow his lead?

Some are wondering whether other big names in the industry like James Simons at Renaissance Technologies, John Paulson at Paulson & Co and David Tepper at Appaloosa Management are about to turn their hedge funds into family offices?

Soros launches family office as regulatory pressure bites

July 28, 2011

Legendary investor George Soros is to close his hedge fund to outside investors and convert it into a family office as a result of new Securities and Exchange Commission rules.

Soros’ sons Jonathan and Robert, who are co-deputy chairmen of Soros Fund Management, said in a letter to investors that they will return money to outside investors by the end of the year.

SFM will then manage assets of the Soros family, worth around $25 billion, they said in the letter.

Entrepreneurs are job creators, report

July 28, 2011

Entrepreneurs around the world have seen a buoyant growth in their profits, adding more employees to their firms, according to new research. The Global Entrepreneur Indicator, which surveyed 1,200 entrepreneurs worldwide, found that almost 60% of them have increased their workforce, up from 42% a year ago.

Entrepreneurs around the world have seen a buoyant growth in their profits, adding more employees to their firms, according to new research.

The Global Entrepreneur Indicator, which surveyed 1,200 entrepreneurs worldwide, found that almost 60% of them have increased their workforce, up from 42% a year ago. Entrepreneurs have also seen a rise in profits in the six months before the end of May – 60% said their profits rose.

A banking legacy

June 27, 2011

Bedrock, a multi family office, has managed to attract a lot of money from very rich families quickly. Much of its success lies in the background of its senior managers. David Bain reports