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Horizons: Family Office & Investor Magazine

Mission and Legacy of Anthony Ritossa

Saturday, March 10, 2018

The Ritossa family has a storied 600-year history. The original family business was seeded with an olive grove during the Venetian Empire in Europe and has stood the test of time - outlasting borders, monarchies, natural disasters, and modern despots. Their region of Istria has had many owners and each has prized its fertile olive groves, the oldest of which can be traced back over 2,000 years. Now part of Slovenia & Croatia, Istria was once part of Italy and before that the province of Venetian Kings. It takes a wealth of accumulated wisdom and a willingness to take risks, in order to stay relevant and stay in business for centuries. In order to help other families carry their wealth forward into the next generation, Anthony Ritossa has quietly spearheaded several elite global gatherings that bring together family offices from across the world.

"This has really been a passion project for me," Ritossa tells Horizons. "I was going to a lot of different events and thought it would be worthwhile to create something using the best parts of each of those events in order to build a global summit series by family offices for family offices."

Ritossa says the motivation for his global summits was to create a place for families to exchange cross-border thought leadership, network, and learn about investment opportunities that are recommended organically from within the network of attendees. Investments presented at the summit go through a rigorous vetting process with an eye toward finding new ideas that are flying below the radar, but will help families invest in the future. Ritossa is also focused on bringing issues to the fore that will be relevant for future generations. As such, panels focused on technologies like blockchain as well as newly popular strategies such as impact investing and ESG all have prominent places on the agenda. "We always have to be thinking of the future. The generation that is coming up now will manage wealth into the 22nd century. So what does that mean? We want to provide space for those discussions and help people think through the possibilities," Ritossa says.

The 5th Global Family Office Investment Summit in Dubai is under the patronage of H.H. Sheikh Tahnoon Bin Saeed Bin Tahnoon Al Nahyan, of the United Arab Emirates. With this support, and alongside forward-looking topics like the blockchain, the agenda will also have issues of importance to families in the MENA region. The unique structure of family offices and markets in MENA makes it crucial to discuss investing through a geographic lens. Ritossa is planning future summits in Europe – June 28-29th 2018 in Monaco at the Meridien Beach Plaza Resort - and later in fall with the goal of keeping thought leadership relevant for each geography.

"Anthony Ritossa’s events stand out as a ‘Davos of Family Offices’ given their nature as a gathering of global elite families with actual principals, family members and the key, senior investment professionals attending," adds Matthias Knab, CEO, and Founder of Horizon’s publisher Opalesque.

The Davos style is one that Ritossa says he hoped to emulate with his summits. "My goal is to create a space where families can network and come away with valuable insights, without being bombarded by commercial interests. I think we have been able to create that successfully and so I look forward to meeting more families at the upcoming Dubai and future Family Office Investment Summits."

 
This article was published in Opalesque's Horizons: Family Office & Investor Magazine.
Horizons: Family Office & Investor Magazine
Horizons: Family Office & Investor Magazine
Horizons: Family Office & Investor Magazine
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