Family Offices Today

01/16/2020

Where the World's Richest Countries Invest

A sovereign wealth fund is an investment pool of foreign currency reserves owned by a government. The largest investment pools are owned by countries that have a trade surplus, such as China and oil-exporting countries. They take in foreign currencies, primarily US dollars, in exchange for their exports. The funds are then invested to produce the highest return possible.
https://www.thebalance.com/sovereign-wealth-funds-3305969

Sovereign wealth funds are owned by foreign governments. They are changing the balance of global economic power.

01/16/2020

Abu Dhabi Plans to Sell a $2 Billion Slice of Its Private Equity Book

The Abu Dhabi Investment Authority is preparing to sell around $2 billion of its stakes in #privateequity funds, amid an increasing push toward direct investments by the #sovereignwealth fund, people familiar with the matter said.
https://www.bloomberg.com/news/articles/2020-01-14/abu-dhabi-plans-to-sell-2-billion-slice-of-private-equity-book

The Abu Dhabi Investment Authority is preparing to sell around $2 billion of its stakes in private-equity funds, amid an increasing push toward direct investments by the sovereign wealth fund, people familiar with the matter said.

01/13/2020

What Is A Family Office?

Most definitions of a family office will include the standard wealth management functions. That is, a family office performs centralized management or oversight of investments, tax planning, estate planning, and philanthropic planning. But, if that is all an organization is doing for the families it serves, it seems proper to call the entity a wealth management firm and not a family office.
Which brings up an important point. The term “family office” has certain catchiness to it. It sells.
https://www.forbes.com/sites/toddganos/2013/08/13/what-is-a-family-office/#7feed694a13f

While the breadth of services offered by a family office will vary from one organization to the next, an organization that truly is a family office will provide services beyond the scope of a wealth management firm.

01/09/2020

Why Your Pension Fund May Gone When You Need It

Pension funds are investment pools that pay for employee retirement commitments. Funds are paid for by either employees, employers, or both. Corporations and all levels of government provide pensions. The fund managers invest these contributions conservatively. They must avoid losing the principal but still beat inflation.
https://www.thebalance.com/pension-funds-definition-list-and-issues-3305875

Here's the full definition of a pension fund and find out how it is used to manage investments to pay for your retirement.

01/07/2020

The Changing Face of Family Offices in Europe

Over the last 20 years, the family office (FO) concept has spread from the United States through Europe to Asia. In the process, FOs have been subject to the influence of local institutional environments affected by tumultuous economic and political events, from the global financial crisis to ascendant nationalism and conflictual politics within the European Union.
https://knowledge.insead.edu/blog/insead-blog/the-changing-face-of-family-offices-in-europe-12711

The tumultuous events of the last two decades have affected European family offices differently, in accordance with the continent’s diversity.

01/02/2020

Paper: Pension funds had best year ever

While 2019 is likely to go down as the year in which the government dismantled the Estonian pensions system, pension funds have performed better than ever, according to daily Postimees.
https://news.err.ee/1019509/paper-pension-funds-had-best-year-ever

While 2019 is likely to go down as the year in which the government dismantled the Estonian pensions system, pension funds have performed better than ever, according to daily Postimees.

01/02/2020

VC's decade in data: How the 2010s reshaped a market | PitchBook

VC's decade in data: How the 2010s reshaped a market
https://pitchbook.com/news/articles/vcs-decade-in-data-how-the-2010s-reshaped-a-market

PitchBook sifted through our vast data platform and came away with some of the most illuminating facts and figures about the transformation—or disruption—of the worldwide VC ecosystem.

01/02/2020

At $30 Billion, Norway’s Other Wealth Fund Is Simply Too Big

Norway’s domestic wealth fund has become so big that it’s looking for ways to get rid of excess cash by proposing some key changes to its investment model.
The Government Pension Fund Norway is the domestic counterpart of the country’s better-known sovereign wealth fund, the world’s largest of its kind with $1.1 trillion in assets.
https://www.bloomberg.com/news/articles/2019-12-29/at-30-billion-norway-s-other-wealth-fund-is-simply-too-big

Norway’s domestic wealth fund has become so big that it’s looking for ways to get rid of excess cash by proposing some key changes to its investment model.

12/27/2019

12 big things: A wild, weird, WeWork-y year | PitchBook

We knew 2019 could be a wild year before it even began, with a potentially historic slate of unicorn IPOs on the docket and a long-running bull market that's left LPs flush with cash, helping contribute to floods of new capital coming into VC and PE. And wild it was. Startups, venture capitalists and buyout firms were busy. And the world took notice.
Here’s a look at the 12 things you need to know from 2019
https://pitchbook.com/news/articles/12-big-things-a-wild-weird-wework-y-year

WeWork's meltdown joins VC-backed pro football, Peloton, Beyond Meat, aerial fundings, skyrocketing PE stocks and more in our recap of the year.

12/24/2019

The Upward Spiral Of Doing The Right Thing

The Upward Spiral Of Doing The Right Thing
https://www.forbes.com/sites/nelldebevoise/2019/12/20/the-upward-spiral-of-doing-the-right-thing/#30da163d5a58

Small actions to make more impact in your job are important because they can activate the upward spiral of doing the right thing.

12/23/2019

Why the World's Wealthiest Families Are Stockpiling Cash | ThinkAdvisor

Why the World's Wealthiest Families Are Stockpiling Cash
About 42% of family offices say they’re raising cash reserves, a UBS survey reveals.
https://www.thinkadvisor.com/2019/09/24/why-the-worlds-wealthiest-families-are-stockpiling-cash/

About 42% of family offices say they’re raising cash reserves, a UBS survey reveals.

12/20/2019

Industry Must Team up With Government to Keep America on Top

Industry must team up with government to keep America on top.
The federal government takes on early investment risks that venture capital won’t take, underwriting industry and the future.
https://www.wired.com/story/opinion-industry-must-team-up-with-government-to-keep-america-on-top/

The Federal government takes on early investment risks that venture capital won't take, underwriting industry and the future.

12/19/2019

These Are the World’s Best (and Worst) Pension Systems

These Are the Best and Worst Pension Systems in the World
The Netherlands and Denmark have the best pensions systems in the world, according to a global study that shines a light on how nations are preparing aging populations for retirement.
https://www.bloomberg.com/news/articles/2019-10-20/these-are-the-world-s-best-and-worst-pension-systems

The Netherlands and Denmark have the best pensions systems in the world, according to a global study that shines a light on how nations are preparing aging populations for retirement.

12/19/2019

Musical Legend and Violin Virtuoso Niccolo Paganini honored on his 237th birthday at the “Paganini Honors Paganini” Carnegie Hall concert
https://ldjcapital.com/musical-legend-and-violin-virtuoso-niccolo-paganini-honored-on-his-237th-birthday-at-the-paganini-honors-paganini-carnegie-hall-concert

12/19/2019

Pershing Square Reports Stake in Agilent Technologies

Pershing Square Reports Stake in Agilent Technologies
Bill Ackman’s hedge fund disclosed a 2.9 million-share stake in the laboratory instrument and software company
https://www.wsj.com/articles/pershing-square-reports-stake-in-agilent-technologies-11575935855

Bill Ackman’s hedge fund on Monday disclosed a 2.9 million-share stake in the laboratory instrument and software company.

12/19/2019

Value hedge funds may be due a comeback

Funds following the ‘buy cheap’ mantra of Warren Buffett have struggled to outperform in recent years, but some are betting it is time for a change
https://www.fnlondon.com/articles/value-hedge-funds-may-be-due-a-comeback-20191218

Funds following the ‘buy cheap’ mantra of Warren Buffett have struggled to outperform in recent years, but some are betting it is time for a change

12/18/2019

World’s Best Hedge Fund Returns Are Found in Tiny Singapore

World’s Best Hedge Fund Returns Are Found in Tiny Singapore
https://www.bloomberg.com/news/articles/2019-12-15/world-s-biggest-hedge-fund-returns-are-found-in-tiny-singapore

On most mornings, Chong Chin Eai starts his day with a jog through Singapore’s Botanic Gardens. After taking his son to school, he trades futures on his laptop at home until it’s time for lunch, after which he might have a massage or perhaps a nap.

12/18/2019

JMP'S "snap" decision, Taylor Swift slams private equity and Apple's DNA foray

WATCH: JMP upgrades shares of Snap Inc., Taylor Swift slams private equity, Netflix dominates Critics’ Choice Awards nominations and Apple offers free genetic testing to employees...that’s the latest edition of Rapid Fire!
https://www.cnbc.com/video/2019/12/13/snap-decision-taylor-swift-slams-private-equity-apples-dna-foray.html?&qsearchterm=private%20equity

JMP upgrades shares of Snap Inc., Taylor Swift slams private equity, Netflix dominates Critics' Choice Awards nominations and Apple offers free genetic testing to employees...that's the latest edition of Rapid Fire!

12/17/2019

Goldman has a big worry heading into 2020 that could cause market turmoil

Goldman Sachs is bullish on equities next year, predicting a 7% gain for the S&P 500, but one topic is raising questions among its clients and has the bank concerned about volatility and downside risk.
https://www.cnbc.com/2019/12/16/goldman-has-a-worry-could-hit-earnings-cause-volatility-in-2020.html?recirc=taboolainternal

Goldman Sachs highlights a decline in stock buybacks as a market risk next year, saying it could cause increased volatility.

11/15/2019

LDJ Digital – Financial transactions built for today´s youth

Digital Banking is now in the palm of your hands.
LDJ Digital is proud to announce today the release of its multi-currency wallet with an in-app fiat to crypto exchange that allows you to spend your currencies and crypto with an associated Visa Debit Card.
Visit https://LDJdigital.com to install the mobile app from Google Play or iTunes.

Use this website to download our LDJ Digital app and get priority access. Invite friends & family and you both get REWARD POINTS when they sign up.

11/11/2019

Understanding the Concept of 'Niching Down' for Budding Entrepreneurs

The niche is comfortable, but it can become an enemy to an entrepreneur's ambitions.
“Find a niche if you want to succeed in business.” This age-old advice has been handed down to entrepreneurs for generations. Finding a niche market is a piece of great advice — as long as entrepreneurs understand what exactly is meant when that advice is dished out.
https://www.entrepreneur.com/article/339399

The niche is comfortable, but it can become an enemy to an entrepreneur's ambitions.

11/02/2019

From Basement to Booming Multi-Million-Dollar Business: The Value of a Startup Mentality

Startups are known for their scrappy can-do attitudes, creativity and innovation. They inspire and empower out-of-the-box thinking to bring an idea to life through a mission-driven culture. But even as you progress beyond the startup stage of your business, there’s value in maintaining a startup mentality to drive and sustain steady growth.

https://startupnation.com/manage-your-business/value-startup-mentality/

Starting a business is no easy mission. CEO and Co-Founder of Goldfish Swim School, Chris McCuiston, shares his tips for creating a business of value.

10/31/2019

Everything Is Private Equity Now

We live in a private equity’s world and we need to know a few things.
#Privateequity managers won the financial crisis. The PE industry, which runs funds that can invest outside public markets, has trillions of dollars in assets under management.

https://www.bloomberg.com/news/features/2019-10-03/how-private-equity-works-and-took-over-everything

Spurred by cheap loans and investors desperate to boost returns, buyout firms roam every corner of the corporate world.

10/30/2019

Efficiency Is Ruining Hedge Funds

Efficiency Is Ruining Hedge Funds
Also sneakers and typos.
https://www.bloomberg.com/opinion/articles/2019-10-28/efficiency-is-ruining-hedge-funds

Also SoftBank, Aramco, sneakers and typos.

10/29/2019

What Can All Business Learn From Family Businesses?

What Can All Business Learn From Family Businesses?
Family businesses are not immature businesses trying to become mature public companies.
https://www.forbes.com/sites/dennisjaffe/2018/06/15/what-can-all-business-learn-from-family-businesses/

Most long-surviving companies world-wide are family owned, and most public companies began as family enterprises. That long-term perspective is often the key to long-term success.

10/29/2019

Everything Is Private Equity Now

We live in a private equity’s world and we need to know a few things.
#Privateequity managers won the financial crisis. The PE industry, which runs funds that can invest outside public markets, has trillions of dollars in assets under management.

https://www.bloomberg.com/news/features/2019-10-03/how-private-equity-works-and-took-over-everything

Spurred by cheap loans and investors desperate to boost returns, buyout firms roam every corner of the corporate world.

10/27/2019

This Entrepreneur Just Became One of the Few Black Women in the U.S. to Raise More Than $1 Million From VCs. First She Had to Turn Down $500,000

Muhga Eltigani, the founder of NaturAll Club, recently became one of around 50 black women in America to land more than $1 million in venture funding. Here’s her story:
https://www.inc.com/leigh-buchanan/naturall-club-muhga-eltigani-richelieu-dennis-new-voices-fund-black-women-founders.html

Muhga Eltigani, the founder of NaturAll Club, recently became one of around 50 black women in America to land more than $1 million in venture funding.

10/26/2019

BLOCKCHAIN IN BANKING: An inside look at four banks' early blockchain successes and failures

Despite the hype of #blockchain being heralded as one of the most transformative technologies for #financialinstitutions (FIs), sentiment around it has grown increasingly skeptical as FIs struggle to realize the value of their investments. Business Insider takes an inside look:
https://www.businessinsider.com/the-blockchain-in-banking-report-2019-6

This report explores early blockchain successes and failures at four major banks, and lessons for the rest of the financial services industry.

10/25/2019

There are 618,000 millennial millionaires in the US—and 44% of them live in 1 state

The population of wealthy young people is growing and they’re getting richer: “By 2030, millennials will hold five times as much wealth as they have today, and are expected to inherit over $68 trillion from their predecessors in the Great Transfer of Wealth.” Find out why!
https://www.cnbc.com/2019/10/17/heres-where-the-millennial-millionaires-live-around-the-us.html

Here's where today's millennial millionaires are living, according to a 2019 report from the Coldwell Banker Global Luxury and WealthEngine.

10/23/2019

Placido Domingo Leads Top 20 NYC Opera Renaissance Performers in Honor of the Late Maestro Julius Rudel

The apple doesn’t fall far from the tree. Violin virtuoso #NiccoloPagnini’s great grand son is also an artist just like him. Maria Paganini’s son, Carlos Lagos Paganini’s artistic expression is graffiti art. Indeed, their fingers drip with artistry.
Meanwhile, LDJ Capital is pleased to make known its sponsorship for the #PaganiniHonorsPaganini production — a concert tribute to celebrate and honor the great Paganini at the Carnegie Hall in NYC on October 30. Don’t miss it!
https://ldjcapital.com/carlos-ovidio-lagos-paganini-carries-niccolo-paganini-s-artistic-talent-forward-through-graffiti-art

Every one of the Rose Theater’s 1,100 seats was filled for a opera concert produced by NYCO Renaissance, an effort to revive the defunct New York City Opera, for a two-hour concert and later a gala dinner celebrating the life of the opera’s late Maestro Julius Rudel. My entrepreneurial endeavors...

10/22/2019

Stanford psychology expert: This is the No. 1 work skill of the future—but most fail to realize it

What is the most important #skill of the 21st century? Do you have it?
Lacking this skill comes with a cost. https://www.cnbc.com/2019/10/09/stanford-psychology-expert-most-important-work-skill-of-the-future.html

The skill you most need at work is one that also helps you at home, says psychology expert and best-selling author Nir Eyal.