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Family Office

John Paulson Could Have His Own Family Office Soon

According to a report by Bloomberg, John Paulson has segregated his personal assets from the hedge fund he founded 25 years ago. This could be an indication that Paulson is restructuring the firm as a family office and spinning off the core advisory operations into a separate entity. In January, Paulson discussed a potential spin off of outside capital to the company’s employees in an interview with Michael Samuels of the ‘According to Sources’ podcast. The latest reports and rumors circling the industry suggest Paulson may already be on the path set by Wall Street’s legends su...

James Murdoch: Birth of a Mega Family Office

Image Credit: NRKbeta [CC BY-SA 2.0 (https://creativecommons.org/licenses/by-sa/2.0)] The Walt Disney Company’s acquisition of 21st Century Fox has unleashed billions in liquidity for the Murdoch family. Patriarch Rupert Murdoch’s six children could each receive as much as $2 billion from the deal, according to a report by the Financial Times. Murdoch’s youngest son, James, was expected to take a senior role at Disney after the merger, but has instead decided to strike out on his own. According to reports by Bloomberg, the former head of 21...

Market Street Trust Names CEO

Marianne W. Young, Former President and CEO, Market Street Trust Company Market Street Trust Company has appointed its second CEO in 20 years. Kara Garner Pass will take over the roles of President and Chief Executive Officer in April, four months after the retirement of Marianne W. Young. Young’s successor previously served as the Managing Director and Senior Vice President of Tompkins Financial Advisors, the wealth management arm of publicly-listed holding company Tompkins Financial Corporation. She also served as the Client Experience Team L...

Impact of Tax Cuts and Jobs Act on Family Offices

Jason Michaels, Senior Manager, Private Client Services, RSM The impact of the Tax Cuts and Jobs Act (TCJA) on family offices is unprecedented, according to Jason Michaels, Senior Manager, Private Client Services at global accounting firm RSM. The sweeping tax reform package was deployed in 2018 and its full effect now evident amidst filing season. TCJA was the biggest overhaul of the U.S. tax system in more than 30 years. “The new legislation has caused a significant amount of family offices to revisit their choice of entity, their entity stru...

Indian Investment Landscape

Indian Investment Landscape

MarketCurrents welcomed Bharat Bhise of Bravia Capital in New York as well as Nitai Utkarsh of HeroMoto Corp’s family office based out of Delhi. Sumehr Sondhi moderated this panel on The Indian Investment Landscape.

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Impact Investments and Aligning Family and Family Office Interests: Q&A With Michael Tiedemann

Feb 18 – 22. 2019
When Carl Tiedemann established Tiedemann Advisors in 1999, he wanted to offer clients two things: the freedom to fire their trustee and the flexibility of being deeply involved in the investment planning process. Tiedemann believed the lack of these two critical elements were the underlying reason for his own family’s experience with trustees and wealth managers since the turn of the 20th century.

African Nations Top List of High-Net-Worth Growth

Cheryl Howard, Managing Director, Maitland Fiduciary Services, South Africa With its immense natural resources, young population and support from China, Africa is expected to create wealth at a record pace for the next few decades. Nigeria will see its population of high-net-worth individuals grow faster than any other country on the planet, according to a recent Wealth X report. Over the next five years, Wealth X researchers estimate the number of millionaires in the country will expand at an annual rate of 16.4%. Egypt will see its high-net-...

Is Private Equity Getting Overheated?

Dec 17 - 21. 2018
Private equity has had a stellar run for the past 20 years. PE assets under management total more than $2.8 trillion, with nearly half of it in buyout funds, according to Consultancy.uk. At the same time, deal multiples, leverage ratios and the amount of uninvested capital in the private equity industry is at historic highs, according to a report published by the Boston Consulting Group (BCG). All this may indicate an industry that is overheated, overcrowded and that there is too much capital chasing too few investment-worthy assets.