Family Offices

European family offices are taking advantage of falling US real estate prices, seeking opportunities in prime office spaces and «trophy assets» despite market instability.

Ultra-rich families are increasingly casting their eye on sports as an asset class. According to Goldman Sachs, interest is fuelled by rising valuations and lucrative media contracts.

Luxembourg’s CSSF financial regulator on 20 February announced that in late 2023, it had imposed a nearly half-million euro administrative fine on Mizuho Trust & Banking (Luxembourg) S.A.

The 17 November 2023 fine of 444,400 euros was imposed for non-compliance with professional obligations under Luxembourg’s financial sector law relating to governance and IT organisation. 

More than half of family offices want to add even more private investments to portfolios by 2024. The most popular category is private credit. Cash, public equities and high-yield lose out.

Navigating the interest rate cycle is a paramount challenge for family offices in Germany, according to a recent survey.

Roderick van Zuylen is prepared for the challenge. On the 1st of January, the ex-Van Lanschot Kempen portfolio manager inaugurated his own investment fund in the US: Night Watch Investment Management. «I desired a name that alluded to my Dutch heritage, yet Dike Capital and Tulip Invest were disregarded for obvious reasons.»

In the dynamic world of family offices, a significant trend is emerging: single family offices increasingly collaborate with multi-family offices for complex administrative tasks. Nienke Bollen and Maartje van Casteren, partners at Providence Capital, have observed this shift in their daily operations. Leveraging their extensive experience, they offer valuable insights to multi-family offices, maximizing their expertise.

Where «old money» mainly sought to leave wealth intact, «new money» is going out into the wide world - to make that world a better place. Frederik Redelé, managing director of Amsterdam-based multi-family office Commenda explained to our Dutch colleagues in a Q&A session how he helps high net worth entrepreneurs make an impact.

La richesse mondiale liée à l’art et aux objets de collection devrait augmenter de près d’un tiers pour atteindre 2 861 milliards de dollars d’ici 2026, contre 2 174 milliards en 2022, selon le Deloitte Luxembourg Art & Finance Report 2023.

«We are a recognizable and accessible face for our clients. We are not product pushers but focus on concrete goals,» said Stefaan Vanden Berghe, CEO of Truncus. 

For several years, Truncus has been featured on Chambers & Partners› list of top wealth managers, a prestigious ranking annually compiled based on the opinions of lawyers and tax consultants. Truncus is the only Belgian firm in this category.