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Alternative Market Briefing

More hedge funds and family offices set up satellite offices in Miami

Wednesday, January 08, 2014

amb
Julie Neitzel
Komfie Manalo, Opalesque Asia:

The proximity of Miami, FL, to Latin America, attract hedge fund managers and family offices to set up satellite offices in the city, said Julie Neitzel, a partner at Wealth Enterprise Family Offices at the recent Opalesque Florida Roundtable. Miami is also a gateway to the Caribbean offshore financial centers, and the upgraded airport with new direct global connections makes international travel easier.

"There are satellite offices here from both U.S. based or offshore managers," Nietzel said and added, "The purpose of these offices generally is to access the Latin American capital markets and/or to oversee their U.S. based assets through these secondary offices. It appears there are a number of these types of operations in the Miami market."

Andrew H. Jacobus, President and CIO of investment advisory group FINSER International Group said that Miami is an easier place for fund managers and investors to come and do business with either investment advisors or fund managers.

He said, "This airport here is pretty outstanding, actually I just came back from New York, where LaGuardia or JFK are 100 years old airports and in dire need of a facelift. We have plenty of direct flights to places like Colombia or Venezue......................

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