Sibylle Peter is a member of the executive committee of Complementa Investment-Controlling AG. Among others, she also assists high net worth private clients and family offices with mandates and projects in asset management.
As an author of the study she shares how its participants, family offices, regard allocating to private equity, hedge funds and tangible assets including insights on what they do differently post the crisis.
Listen to the complete feature Highlights from "2010, The Myth of Family Offices", a study, that focuses on asset, risk management and investing in the context of the global financial and economic crisis.
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What are the highlights of the study and what seem to be the emerging allocation behaviour patterns and trends among family offices?
Focus on risk monitoring, controlling, management, transparency
Bias toward investing in tangible assets
Their asset allocation strategy as such hasn’t changed, rather the mechanisms have - i.e. pursue a more "institutional" approach
A profile of the study participants -
Their willingness to take risk as a function of whether they are entrepreneurs or inheritors of wealth
Their level of risk tolerance and how it differs to that embraced by institutional/pension plan investors?
Opportunistic element in investing
Do they use asset liability models?
The need for liquidity
Risk taking post the crisis ... preference for security and liquidity rather than achieving return targets
Duration tolerance spectrum
Are they conservative in their allocation outlook? Are they active allocators?
Is asset allocating and management out-sourced? In house? A blend?
Does the size of assets under management condition and influence their risk taking ability?
The specific topic for the up-coming study?
Which tangible assets are they investing in, preference for and why?