Family Offices, Like Pension Funds, Develop Appetite for Direct Investing

With nearly $1.2 trillion in assets held by U.S. family offices, these typically secretive entities are starting to venture out on their own and team up to make direct investments that were once only the preserve of the hedge funds they invested in.

The trend of family offices pooling their resources with others of their ilk, sharing secretive information and making investments in everything from new start-ups and private equity buyouts to large cap stocks is growing, but it is too early in the trend to determine analyze from their new partnerships. A Bloomberg Brief article by Margaret Collins noted that enterprising family offices are “trading in some of their traditional secrecy, pooling assets and knowledge to...