Family Office Insider (FOI) | August 2024

News, Research, Publications, Events, Jobs Board | Family Office Industry Newsletter

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Aug 01, 2024

Hello, and welcome to the 8th edition of 2024 of Family Office Insider (FOI) from GPFO. In the Industry Newsletter each month we share the latest news and developments from the family office ecosystem.

Sections:
📊 Chart of the Month
📑 Research & Reports
News: 📰 Headlines, 💼 Careers Moves, 🤝 Private Markets Activity
👥 Jobs Board
📅 Events

Announcement: We appointed 3 new advisory board members this week to support our international growth. Meet our advisory board

📊 Chart of the Month

Powered by the GPFO Jobs Board

GPFO Family Office Jobs Board Data | May 2023 - July 2024 | n = 387

This month’s 📊 Chart of the Month shares data on activity in family office recruitment from 387 roles listed on the GPFO Family Office Jobs Board since May 2023. It represents only roles in single family offices and private multi-family offices.

📑 Research & Reports.

Our Family Office Reports Database is now part of the GPFO Members Portal. 300+ reports and research on the family office and global wealth community since 1997, updated by the team each month. Book a demo of the platform today.

Research | Global Wealth Report 2024, UBS
Research | Global Wealth Report 2024 | The GenAI Era Unfolds, BCG
Guidance | NAV-Based Facilities, Institutional Limited Partners Association (ILPA)
Report | Mid-Year Outlook 2024, Goldman Sachs
Report | State of Venture, Global | Q2 2024, CB Insights
Report | H1 2024 Secondary Market Overview, Evercore
Guide | Understanding DIFC Trusts, DIFC

View all…

News.

📰 Headlines

Blackrock to acquire Preqin, leading private markets data provider. Press Release
Private equity groups battle it out for $15bn schools group. FT
Axel Springer and KKR in talks to break up media empire. FT
DIFC announces enactment of updated prescribed company regulations. Press Release
UBS sees $83 Trillion wealth transfer over the next three decades. Bloomberg
Britain’s Non-Dom population rose 7% ahead of tax revamp plans. Bloomberg
- Navigating tax compliance challenges: a case study of the UK’s statutory residence test. Daysium
China is expected to lose 15,200 HNWIs in 2024. Visual Capitalist/Henley & Partners
GPFO grows advisory board to promote global expansion. Private Banker International

🏕️ Family Offices

The secret battle for the Future of the Murdoch Empire. The New York Times
Tony Bennett’s children embroiled in lawsuit over his estate. wealthmanagement.com
Single family office Valkin Group eyes future tech for long-term gains. AsianInvestor
Alex Gerko, founder of XTX Markets, sets up family office Cromulon Capital. Bloomberg
Strengthening governance in family office: investment committees can safeguard family legacies. Lexology
Do family offices allocate differently? FT
Six family offices in Singapore laundering case got tax breaks. Bloomberg Law
Why the family office boom is luring imposters. AFR
Hong Kong families sell mansions at discount to repay debt. Bloomberg
How family offices became one of the world’s fastest wealth generators. FT
Family Offices are changing real estate capital markets. Commercial Observer

✨ Impact & Philanthropy

Soros’ Open Society Foundation say their restructuring is complete and pledge $44M for green jobs. AP News
Bill Gates on his climate investments: the early winners and long shots. WSJ

💼 Career Moves

Marina Viergutz and Susanne Reinhard join Opel family office, GVO from Credit Suisse.
Andrea Shieh leaves Boulevard Family Wealth (MFO) for Mercer Advisors.

🤝 Private Markets

Knollwood Investment participated in a $33M funding round for Linx Security.
Schooner Capital participated in a $20M Series C funding round for Mantle.
Li Ka-Shing's Horizons Ventures participated in a $13M funding round for Medal.
Smedvig Capital participated in a $10M Series A for CultureAI.
Robert Peugeot's family office, Group FFP, has participated in a €4.2 million seed round for Syntetica.

👥 Jobs Board.

Full Jobs Board accessible via the industry or members portals. Currently 35 actively recruiting roles within single family offices and private multi family offices around the globe.
18 new roles listed this month, 16 closed to new applications.

Chief Executive Officer - Single Family Office - Ohio, USA
Chief Executive Officer - Single Family Office - Texas, USA
General Counsel - Single Family Office - Texas, USA
Vice President - Single Family Office - New York, USA
Finance & Tax Director - Single Family Office - New York, USA
Investment Director - Single Family Office - Hong Kong
Head of Operations - Single Family Office - Singapore
Senior Accountant - Single Family Office - Luxembourg
Business Director - Single Family Office - Dubai, UAE