Thursday, 24 July 2014
Last updated 8 hours ago
Jun 15 2011 | 10:39am ET
Single-family offices have warmed to hedge funds, according to a recent survey by the Rothstein Kass Family Office Group.
The company polled 151 executive directors of single-family office operations and found 85% are currently invested in hedge funds while roughly half report active private equity sector investments.
According to Rothstein Kass, the mean investable assets of single-family offices stand at roughly $416 million in 2011, up from about $236 million in 2010.
Almost all the single-family offices polled in early Q1 2011 relied on external money managers, while roughly 22% also had in-house capacity.
A full 90% of the directors polled were considering additional investments in hedge funds this year. The most popular strategies, according to Rothstein Kass, were long/short equity (53%), distressed (49%), arbitrage (33%), managed futures (25%), and global macro (25%).
On the private equity side, the survey showed 70% of respondents planned increased allocations in 2011. In terms of investment preferences, 59% are likely to target established companies, 39% mezzanine financing, and 32% second-round financing.
The results of the survey have been published as “Raising Capital from Single-Family Offices—Considerations for Financial Firms,” co-authored by Forbes Insights and Russ Alan Prince.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…