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offices with an average size of USD $890 million assets under management.
In total, the
family offices represented manage over USD $180 billion in private wealth.
Spanning six continents and over 40 countries, this years report provides
very specific
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Campden Wealth Global Family Office Report 2014 | Campden Wealth 7/28/17, 12(23 PM
insight on a wide range of family office topics, from performance and asset
allocations
high degree of common ground across family offices globally and will provide
a sound
basis for benchmarking and sharing best practice. This study is the definitive
work on
family offices to date and one from which family office principals, executives
and
service providers can glean actionable insight, said Philip Higson, Vice
Chairman, UBS
regions, investment strategy and family office size (denoted by assets under
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Pacific and
1 For the purposes of the study, developing economies denotes Africa, Latin
America and the Middle East.
USD and (2) assumes a constant allocation for the full year. For individual
asset class allocations and
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While the typical family office portfolio was diversified across traditional
asset classes,
allocations out of fixed income and into equities signature evidence of the
overall shift
toward balanced and growth strategies in family offices globally. Offices still
pursuing
or investment bank-syndicated private equity deals in the last year. Deal size
was
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USD $119 million. Regionally, offices located in Asia-Pacific were most likely
to coinvest,
American family offices were less likely to conduct direct investments, though
Pacific family offices placed the most emphasis on ESG when choosing
investments.
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The average family office spends 86 basis points on operating costs, of which
The most demonstrable factor for operating costs was investment strategy:
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value to their relationships with private and investment banks, reflecting the
requirements.
offices. Family offices that outsourced investment management were the least
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office activities.
and, thirdly, family unity. These priorities hold regardless of the degree of
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across family offices globally the relative value of these services was smaller
than the actual costs offices spent on these services. Managing investments
cost
more than families expect, while family professional services are cheaper
than
Risk on
organisational
Giving in Asia-Pacific increased by 10% since last year, with 77% of family
the region on par with developing economy giving and slightly behind North
American rates.
third of offices in the region do not manage the familys philanthropy, more
than
Andrew Porter
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andrewporter@campdenwealth.com
Philip Higson
philip.higson@ubs.com
Notes to Editors:
The Global Family Office Report 2014 is the result of proprietary research
undertaken
Asia-Pacific, the Middle East, Latin America and Africa in the spring of 2014.
assets of families with private wealth exceeding USD $100 million. Offices
managing
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assets of significant value on behalf of more than one family are included in
the study
and comprise 20% of the sample. The study excluded multi-family offices that
operate
The Global Family Office Report 2014 provides an analysis and evaluation of
the
which family involvement and family objectives for the office affect these
structures and
the report makes use of longitudinal data compiled from Campden Wealths
extensive
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About UBS
Investment Bank, with a focus on capital efficiency and businesses that offer a
superior
Switzerland, UBS has offices in more than 50 countries, including all major
financial
The operational structure of the Group comprises the Corporate Center and
five business
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Corporate,
person, in print, via research and online. Campden Research supplies market
insight on
key sector issues for its client community and their advisers and suppliers.
Through indepth
and proprietary data and analysis based on primary sources. For more
information,
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