French hedge fund Verrazzano Capital will be transformed into a family office, the firm’s founder and chief investment officer Guillaume Rambourg announced in a letter to shareolders. The information was first revealed by Bloomberg. It is understood Rambourg has decided to retire from fund management after 23 years of portfolio management, including a 14-year tenure […]
Bagger-Sørensen & Co., the Danish investment company and family office is set to further move away from its plain chewing gum origins into the growing market for legal cannabis-derived products, according to Danish media. The investment company holds a 30% stake in Fertin Pharma, a medicated chewing gum business, after selling a 70% stake in […]
Stonehage Fleming, the independently owned family office, says its Global Best Ideas Equity fund has seen assets under management pass the £0.5bn mark, as the number of external client investors continues to grow. Only available since 2016 to investors who are not clients of Stonehage Fleming, the fund is run as a concentrated portfolio of […]
Former executive director and senior private banker at JP Morgan in France Sébastien Verdeaux has launched Letus Private Office. He co-founded the firm with Anice Chlagou, Aurélie Pesle and Jean Garbois, former vice-president of CEO of Banque OBC. Letus Private Office will target ultra high net worth individuals who are entrepreneurs and set a target of overseeing […]
The national council of Monaco, the Principality’s parliament, is to examine a draft law on multi family offices’ activity in Monaco. The draft bill has been tabled early December after it has been first proposed to the Monegasque governement in June 2014. It points out that if single family offices have been run for years in Monaco, multi family offices […]
German family office Deutsche Oppenheim has announced the appointment of Sascha Servos (pictured) in July and Sascha Fuchs as of October as directors within its advisory team. Servos joins Deutsche from Deutsche Asset & Wealth Management, where he was in charge of wealth and inheritance planning for nine German regions. At Deutsche Oppenheim, he will […]
VAM Group, which operates a Luxembourg Ucits IV fund range, has appointed Stephen Kevan as group marketing director to help develop the fund range, enter new markets, and raise visibility among additional investor groups. Kevan will work with Andre Le Roux, VAM Group managing director, Michael Hunt, managing director of VAM Funds, and Jeanne Makuch, […]
Family Offices Group’s Richard Wilson has discussed the role of hedge funds following continued research into trends spotted in Asia, Europe and South America.
Iris Capital and Capnamic Ventures have created a partnership to target early stage investments at the Germany digital economy.
Richard Wilson, of the Family Offices Group trade association, has been discussing the development of the ‘virtual’ Office for families with between $20m-$300m in net worth.
Lord North Street, the London-based Private Investment Office, has appointed Sonia de Luca and Eirian Jones as new directors of the company. In addition, Edward Tollemache joins as a client portfolio manager.
European family offices have failed to secure the returns they expected this year. As a result, their focus is shifting to wealth preservation instead of growth for the foreseeable future.