Tue, Jul 7, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Michael Weinberg: Family offices learned the wrong lessons from Madoff

Thursday, May 09, 2013

amb
Benedicte Gravrand, Opalesque Geneva:

An expert allocator discusses the way pension funds and family offices tend to allocate, bifurcations, expectations and risk management trends within the pension universe, the wrong lessons that family offices learnt after Madoff, and the AIFM Directive being "more of a bane than a boon."

Michael Oliver Weinberg is Adjunct Associate Professor at the Columbia Business School where he is currently teaching a course he created on Alternative Investing in Pension Plans. He also runs The Weinberg Family Office, and prior to this, he headed FRM’s equity and event business.

When asked by Sona Blessing during a recent Opalesque Radio broadcast whether there is a common thread in the way family offices and pension plans tend to allocate, Weinberg replied that both investors are more similar than one might think.

"I would say the commonality between the two asset owners is that the level of sophistication runs the gamut from a traditional asset allocation, which we would consider fairly simplistic, to an endowment style, which we would consider more sophisticated," he explains.

He cites the examples of a large multi-family office that includes the descendants of a prominent 20th century family, and a large Asian consumer electronic compa......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: New systematic strategy managed alongside research firm outperforms S&P500[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: An emerging CTA manager explains how he runs his strategy, which is based on an index produced by a research firm. Peter Turk is head of

  2. Opalesque Exclusive: New systematic strategy embraces machine learning[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The founder of a New York-based systematic trading firm, which offers a hybrid between alpha strategies and alternative feta at lower fees, describes his approa

  3. Larry Robbins' hedge fund Glenview buys 1m Tenet Healthcare shares[more]

    Komfie Manalo, Opalesque Asia: Glenview Capital Management said it bought an additional 979,482 shares at Tenet Healthcare Corp valued at $53.80 million, raising its stakes in the healthcare services company to 15.16%, reported

  4. Legal - Grayson’s hedge funds under scrutiny for possible ethics violations, Court rejects hedge fund’s motion to block merger of Samsung affiliates[more]

    Grayson’s hedge funds under scrutiny for possible ethics violations From Freebeacon.com: Rep. Alan Grayson is finding himself in hot water over managing hedge funds that bear his name, actions that are in possible violation of House ethics rules. Sitting members of Congress are prohibite

  5. Hedge funds decline in June as stocks tumble on Greek woes[more]

    From Bloomberg.com: Hedge funds posted losses across strategies last month as uncertainty over whether Greece will remain in the euro sent global stock markets tumbling. Winton Capital Management declined about 3.1 percent in June in its $12.1 billion Winton Futures Fund, leaving it down 1.9 percent

 

banner