Family Offices

High yield bonds are positioning themselves cautiously in the spotlight as recession fears recede and credit quality improves. While junk bonds perform best during periods of robust economic growth, a region that’s closely flirting with a recession is seen as having the most potential.

The road to hell is paved with good intentions. This applies also for well-intended regulations on environmental, social and governance. Because of the growth of ESG-focused investments in recent years, a new problem pops up: the risk of greenwashing. 

It has been about a year since Anthos Fund & Asset Management, the investment vehicle of the Dutch C&A family Brenninkmeijer, opened up as a multi-family office. It was quite a switch to fully open the doors as a closed stronghold, said top executive Jacco Maters (photo) in an interview with Investment Officer. 

Family wealth managers are more and more challenged by demands placed on them by digitalisation, increasingly stringent regulations and complex cross-border taxation requirements. It’s an environment that encourages some wealthy families to join forces with others and enter their investments into a Multi-Family Office business, moving away from the traditional single-family office. “It’s the correct answer to the market.”

The average European family office has invested 16% of their assets sustainably. This is much more than their counterparts in the rest of the world, according to a survey by Blackrock.

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The year 2018 saw a 37% jump in the number of worldwide single family offices to no fewer than 7,300. Altogether family offices manage assets of nearly 6 trillion dollars.