Mr Family Office
Posts
Family Office Buzz

Family Office Buzz

Fake family office catfishing London VCs. What all successful founders have in common. How to prevent a Murdoch succession drama. New global family office deals study.

Mr FamilyOffice
December 23, 2024

FAMILY OFFICE BUZZ

A weekly collection of family office news and highlights. Included this week:

The fake family office that catfished London’s VC community
What successful founders have in common
A new global family office deals study
How to prevent a Murdoch succession drama
The “A billion… or whatever you recommend” investment approach

𝕏 highlights

An interesting take on the traits of founders.

The biggest lie about entrepreneurs:
Most people think they are crazy risk-takers.
But after studying thousands of successful founders, a Wharton professor discovered something insane.
The "Corridor Principle" exposed what all successful founders have in common:
— Walker Deibel (@walkerdeibel)
6:44 PM • Dec 20, 2024

A Twitter friend is putting together a platform to match GPs and LPs. There is so much demand from both sponsors and investors for match-making.

I am putting together a simple platform to match GPs and LPs
Simple onboarding, free to use:
- GPs will submit live deals within a minute
- LPs will receive deals subject to their selected criteria directly to their inbox
Lmk if you'd like to be part of the initial beta test
— Aleksey Chernobelskiy (@chernobelskiy)
4:51 PM • Dec 10, 2024

Some staggering philanthropy!

Philanthropist MacKenzie Scott gave $2 billion to 199 organizations this year, bringing the billionaire’s total giving over the past several years to $19.3 billion
— Bloomberg Wealth (@wealth)
10:27 PM • Dec 18, 2024

Is $40M enough to retire?

Is $40M enough to retire?
— him (@himgajria)
10:03 PM • Dec 19, 2024

And who needs financial models?

Elon Musk texts Larry Ellison
April 20, 2022
— Internal Tech Emails (@TechEmails)
10:56 PM • Dec 22, 2024

in LinkedIn highlights

The fake family office that catfished London’s VC ecosystem.

Inside Gloucester Circus: the family office which managed to catfish… | 12 comments

Fake family offices are being smoked-out as we speak. After announcing the launch of our Approved Family Office (AFO) program last month, I've been taking… | 12 comments on LinkedIn

www.linkedin.com/feed/update/urn:li:activity:7274425046528397312?updateEntityUrn=urn%3Ali%3Afs_updateV2%3A%28urn%3Ali%3Aactivity%3A7274425046528397312%2CFEED_DETAIL%2CEMPTY%2CDEFAULT%2Cfalse%29

A new PWC Global Family Office Deals study is out.

PwC Global Family Office Deals Study 2024

I’m delighted to share the latest edition of our PwC Global Family Office Deals Study 2024. In this report we offer a detailed analysis of the transactional…

www.linkedin.com/posts/maria-grazia-portera-3898872b6_pwc-global-family-office-deals-study-2024-activity-7275824512363859968-KVvW?utm_source=share&utm_medium=member_desktop

Trends from the DBS & Bloomberg report on Indian "Diaspora" Family Offices

Global Indian Family Offices

Family Office Wealth Management. A great read from DBS Bank & John Phillips' team at Bloomberg on Indian "Diaspora" Family Offices. I love the stories of how…

www.linkedin.com/posts/shaun-parkin-41973425_global-indian-family-offices-activity-7275294552976961536-sEyz?utm_source=share&utm_medium=member_desktop

📰 family office news roundup

Hong Kong's Family Office Evolution: Building Bridges With The Middle East. Hong Kong is courting wealthy families from the Middle East. Hong Kong continues to position itself as Asia's the family office hub in Asia. Middle Eastern families are attracted to the investment freedom, tax advantages and access to Asia markets - Forbes

In an increasingly complex environment, UHNW families in Asia seek bespoke wealth solutions. Life isn't getting any simpler for family offices. The changing needs of ultra-high-net-worth families demand increasingly complex family offices, but family offices are rising to the challenge - South China Morning Post

Family offices face hidden risks in making direct investments. Family offices are increasingly making direct investments in private companies, but many lack the professional expertise, long-term focus, and oversight to fully capitalize on these opportunities, according to a Wharton study. While direct deals offer potential for higher returns, issues like short time horizons and minimal board involvement could undermine their success - Money Report, CNBC

Billionaire Dyson’s Family Office Hires Ex-Amundi Stock Picker. The family office of British billionaire James Dyson has been making changes. James Dyson’s family office hired a former Amundi SA executive to help oversee its financial assets - Bloomberg

How to prevent a Murdoch succession drama. Rupert Murdoch's attempt to consolidate control of his media empire under his eldest son Lachlan failed after a Nevada court ruled against restructuring the family trust. The case highlights the challenges of succession planning in family businesses, emphasizing the importance of flexibility, clear governance, and addressing family dynamics to avoid disputes - Spears

Last week’s newsletter was a popular one: Golden Passports Made Easy.

This included a link to a full list of the 14 most accessible golden passports. Some people had a problem with the link - so here it is again.

Friday’s newsletter is on the best of 2024… it’s going to be a fun one!

But for now, friends, I wish you a very Merry Christmas. X