Share |

Regulation

January 26, 2012
SEC publishes FAQs on family office rule

The US Securities and Exchange Commission has published a list of questions and answers to help family offices understand if and how they could be affected by the Dodd-Frank Act.

The US Securities and Exchange Commission has published a list of questions and answers to help family offices understand if and how they could be affected by the Dodd-Frank Act.

However, according to Charles Lowenhaupt, chairman and chief executive of wealth management firm Lowenhaupt Global Advisors, this isn’t enough.

“The questions raised are narrow and the answers given helpful but also narrow,” he told CampdenFO.

December 16, 2011
Another US hedge fund to convert to family office

Henry Swieca is reportedly planning to turn his $500 million (€383.6 million) hedge fund Talpion Fund Management into a family office because of new Securities and Exchange Commission regulations in the US. 

Henry Swieca is reportedly planning to turn his $500 million (€383.6 million) hedge fund Talpion Fund Management into a family office because of new Securities and Exchange Commission regulations in the US.

The 54-year-old, one of the founders of alternative investment company Highbridge Capital Management, will return money to outside investors, according to Bloomberg.

November 10, 2011
Dodd-Frank: The worst case for family offices

Charles Lowenhaupt of Lowenhaupt Global Advisors is perhaps the most vocal critic of the new regime. In a white paper written in July, he claimed the rules introduced under Dodd-Frank posed the most significant institutional challenges in history to US families of wealth and family offices. 

Charles Lowenhaupt of Lowenhaupt Global Advisors is perhaps the most vocal critic of the new regime. In a white paper written in July, he claimed the rules introduced under Dodd-Frank posed the most significant institutional challenges in history to US families of wealth and family offices.

November 10, 2011
The Dodd-Frank Act and Europe

Many multi family offices in the UK are already subject to Financial Services Authority regulation and SEC requirements would not impose much more in the way of additional compliance requirements other than a possible inspection, says Stonehage Investment Partners’ Paul Hecker. 

Many multi family offices in the UK are already subject to Financial Services Authority regulation and SEC requirements would not impose much more in the way of additional compliance requirements other than a possible inspection, says Stonehage Investment Partners’ Paul Hecker.

“As with the asset management industry, some family offices may choose to ringfence their US client business in a separate entity to avoid the whole of their business being subject to SEC regulation.”

November 10, 2011
The Dodd-Frank Act and Europe

Many multi family offices in the UK are already subject to Financial Services Authority regulation and SEC requirements would not impose much more in the way of additional compliance requirements other than a possible inspection, says Stonehage Investment Partners’ Paul Hecker. 

Many multi family offices in the UK are already subject to Financial Services Authority regulation and SEC requirements would not impose much more in the way of additional compliance requirements other than a possible inspection, says Stonehage Investment Partners’ Paul Hecker.

“As with the asset management industry, some family offices may choose to ringfence their US client business in a separate entity to avoid the whole of their business being subject to SEC regulation.”

November 10, 2011
Tougher regulatory times

Family offices in the US are under regulatory scrutiny like never before. Paul Golden reports on the effects tougher scrutiny will have on family offices worldwide

Family offices and hedge funds don’t have an awful lot in common, except that they both tend to be small outfits. That has meant that both of them have, until now, tended to fall outside the clutches of the Securities and Exchange Commission, the American financial regulator.

November 10, 2011
Tougher regulatory times

Family offices in the US are under regulatory scrutiny like never before. Paul Golden reports on the effects tougher scrutiny will have on family offices worldwide

Family offices and hedge funds don’t have an awful lot in common, except that they both tend to be small outfits. That has meant that both of them have, until now, tended to fall outside the clutches of the Securities and Exchange Commission, the American financial regulator.

July 22, 2010
Family office head wants more debate on regulation

Dirk Jungé, chairman and chief executive of US-based multifamily office Pitcairn, has told campdenFO.com that family offices need to be more aware of what greater regulation of the financial services sector means for them.

Dirk Jungé, chairman and chief executive of US-based multifamily office Pitcairn, has told campdenFO.com that family offices need to be more aware of what greater regulation of the financial services sector means for them.
 
He said: "Family offices need to be aware of the game changes the new regulations coming out of Washington could mean."
 

July 16, 2010
FOs may escape the worst of US regulatory reform

A leading expert believes family offices are likely to escape greater scrutiny from the Securities & Exchange Commission after the US Senate voted for one of the biggest regulatory changes to the financial sector for years.

A leading expert believes family offices are likely to escape greater scrutiny from the Securities & Exchange Commission after the US Senate voted for one of the biggest regulatory changes to the financial sector for years. 

June 30, 2010
Be wary of regulatory changes

The financial crisis has demonstrated the need for new regulatory approaches and increased supervision of financial service providers. This has sparked a raft of new legislation that attempts to ensure no such crisis happens again.

The financial crisis has demonstrated the need for new regulatory approaches and more intense supervision of financial service providers, writes James Denton.

This has sparked a raft of new legislation from governments internationally as they attempt to ensure no such crisis happens again. Such regulation has consequences for wealthy families and their family offices who will need to comply with the new rules on reporting and governance.

March 8, 2010
Editor's note

What do family offices in London, New York and Manama (Bahrain) have in common? As our family ties section shows while they have different pieces of advice to offer, they all cite the regulatory environment and consequent tax implications as their biggest challenge over the next 12 months

What do family offices in London, New York and Manama (Bahrain) have in common? As our family ties section shows while they have different pieces of advice to offer, they all cite the regulatory environment and consequent tax implications as their biggest challenge over the next 12 months. (Click here to read the article)

March 8, 2010
Will regulation be the ultimate ball and chain?

Proposals in the US to regulate private wealth managers could have a profound effect on family offices the world over

Proposals in the US to regulate private wealth managers could have a profound effect on family offices the world over 

July 30, 2009
Regulation - a double-edged sword

The financial crisis has changed the financial services industry as we know it. Markets are focusing more on risk management, stock markets are volatile and corporate bonds not as safe.

The financial crisis has changed the financial services industry as we know it. Markets are focusing more on risk management, stock markets are volatile and corporate bonds not as safe. The credit rating agencies, relied on by regulators under the Basel II capital adequacy regime for banks, are discredited, and global regulation faces restructuring. The Basel Committee is revising its capital adequacy standards, and there are moves in the US and Europe to set up bodies overseeing systemic risk. 

November 2, 2007
Choosing a trustee: the questions you need to ask

When setting up a trust, one of the biggest decisions is choosing a trustee. Who is best able to look after your assets? Simon Rylatt and Geoffrey Todd look at the fundamental questions you must ask before making this vital decision

Simon Rylatt and Geoffrey Todd are partners in the Tax and Private Client Department at Boodle Hatfield.

When setting up a trust, one of the biggest decisions is choosing a trustee. Who is best able to look after your assets? Simon Rylatt and Geoffrey Todd look at the fundamental questions you must ask before making this vital decision

January 1, 2004
All change please: family businesses in an enterprising economy

The wellbeing of owner-managed and family businesses is central to the strength of the European economy as a whole.

The wellbeing of owner-managed and family businesses is central to the strength of the European economy as a whole. These firms account for more than 70% of employment in the EU and make a major contribution to economic output in all member countries. They provide a continuing source of entrepreneurial energy within the existing EU and are sure to play a key role in evolution of the economies of the new member states.

November 1, 2003
Marketwatch

Business confidence: boom or bust?
If you've been reading any sort of business news recently, you're likely confused. No one seems quite sure what to make of the economy right now. It's a bit like what we constantly hear about the residential real estate market – house prices seem to be rising and falling in the same location at the same time.