When family offices meet funds

The needs of the ultra-high net-worth have since evolved from simply assets preservation and succession planning to a more active, institutional-like desire to grow what they own. This is down to reasons such as the emergence of new generations with new ideas, as well as a whole new range of investment and risk management opportunities. Also, family offices increasingly see the advantages of streamlining management to optimise economies of scale and expertise-sharing. Plus, using pooled investment vehicles minimizes the potential of family disputes as it removes the responsibility of, among other things, managing the assets from the family itself.