Q&A with Witter Family Offices CIO Sherry Pryor Witter
May 20 – 24. 2019
Single-family office Witter Family Offices was established in 2011. Over the past decade, co-founders and husband and wife team Sherry and Michael Witter have combined their professional money management skills with their ambitious philanthropic efforts to create an efficient model for sustaining and sharing their wealth.
Forbes Family Trust Expands Bet On Hedge Funds
Bertie Charles Forbes,
Image Credit: Published by B. C. Forbes Publishing Company, New York, 1917 [Public domain] FWM Holdings, the parent company of multi-family offices Forbes Family Trust and LGL Partners, has been expanding its bet on hedge funds. The team announced the acquisition of Optima Fund Management, an early fund-of-funds player with $2 billion in assets under management, last Friday. The deal comes at a time when the hedge fund industry seems to be re-emerging from a decade-long slump. According to Hedge Fund Research Inc., the mos...
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...Read More
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...Read More
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.Read More
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...Read More
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...Read More
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.