Family Offices Increasing Hedge Fund Allocations in 2019
Palm Beach, FL – (January 29, 2019) – Family Office Networks reported today that hedge fund allocations from the fast-growing family office sector are set to increase during 2019.
According to Family Office Networks, a network of 10,000 global family offices with $15 trillion in assets, the appetite for various hedge fund strategies is increasing. According to FON, more capital is being allocated to traditional Long/Short, Global Macro and Managed Futures strategies as family offices seek to hedge against recent volatility in the marketplace. In addition, FON is seeing newer strategies grow in popularity for investment such as blockchain, artificial intelligence and cannabis funds.
"Roughly 30% of the family offices that we have surveyed over the past few months have mentioned that they plan on increasing their allocation into hedge fund products. With the broader capital markets being down last year, family offices are looking for preservation of capital. With that in mind, we are planning a number of high profile hedge fund thought leadership events this year beginning with a West Palm Beach event on March 26 and a New York City event on April 16. We invite fund managers to submit their tear sheets for consideration,” said Andrew Schneider, Founder and CEO of Family Office Networks.
“We are seeing a surge in interest in the hedge fund sector among substantial families which is good news for managers who seek allocations from family offices. Often, however, family offices can be hard to find and challenging for fund managers to get in front of them to tell their story. Our group has a global network of 10,000 family offices and we help educate them about various products and services,“ Schneider said.
“We’re planning to allocate an additional 10% to hedge funds in the first quarter of this year and are in the process of conducting due diligence on a select few. In addition, we’re seeking to broaden our outreach to identify other top tier managers for the balance of the year,” said Michael DeLuca of DeLuca Family Office.
“We get approached by a number of hedge funds but unfortunately 2018 showed lackluster performance by many of them. That said, we’re on the hunt for the best performing funds out there who have the potential to deliver in the months and years ahead,” said Adam Goldstein of Goldstein Family Office.
For information about Family Office Networks, please contact Andrew Schneider at Andrew@familyofficenetworks.com.
About Family Office Networks
Family Office Networks is the premier global community for families to share information and intelligence. The team works with a select group of top tier investment managers and sponsors who offer substantial families access to stellar investment opportunities in areas such as real estate, venture capital, private equity, and hedge funds. In addition, Family Office Networks shares timely thought leadership on topics related to portfolio management, philanthropy, multi-generational wealth management, compliance and regulation, risk management, insurance, training and education. The website www.familyofficenetworks.com is the hub of Family Office Networks with 80,000 users, including 10,000 family offices, and is a go-to resource for news related to family offices.