Family Office Networks is expanding its hedge fund division to help a select group of emerging and established investment managers raise assets from the fast-growing family office sector.
"New managers typically rely on 'friends and family' money or perhaps a key investor to launch their fund. Once they've launched, however, they want allocations from family offices but find them to be hard to identify and get in front of to tell their story. That's where we come in. Our group has a global network of 7,000 family offices and we understand the investment preferences of every one of them," says Andrew Schneider (pictured), founder and president of Family Office Networks.
According to Family Office Networks, family offices' appetite for various hedge fund strategies is dynamic and strategies fall in and out of favour on an ongoing basis.
At present, popular strategies include equity-based strategies such as long-short, global macro and market neutral, among others.
Family offices control USD4 trillion in investment capital and hedge funds manage nearly USD3 trillion. Hedge fund managers with strong performance numbers may still find it challenging to arrange meetings with family office allocators.
"The goal of Family Office Networks' expanding hedge fund division is to partner with only best in class hedge fund managers and help to introduce them to potential family office investors. Our track record is unsurpassed as our interests are aligned with the family offices who depend on us to help them identify the best possible hedge funds with which to invest based on their individual needs," says Schneider.
