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Alternative Market Briefing

Carol Pepper: family offices as advisors and investors

Friday, April 05, 2013

Bailey McCann, Opalesque New York:

Carol Pepper has been running a multi-family office since 2001. Her firm, Pepper International operates on a fully virtual basis allowing her to assemble the best possible team for each family based on their specific needs. She recently explained the success of this model in an Opalesque TV interview.

"Hedge funds are shutting down and becoming family offices because they are a bit frustrated with all the regulation, and frankly, if you are very successful and you have made tons of money, like George Soros for example, you really don’t need outside clients anymore," Pepper explains.

She notes that for very successful hedge fund managers it may be worthwhile to consider setting up family offices for their principals. "While a good portion of their funds stay invested into the hedge fund, it is good to diversify, to take some of that money off the table."

Family offices also provide additional services beyond diversification. Under the umbrella of a family office, services include personal security, estate planning, legal advice, and insurance. Family offices can also help individuals or a group of fund principals manage succession planning to ensure that both their families and the firm are taken care of.

"It’s very important that hedge fund family offices do a business plan before they start operation. Really survey the prin......................

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