After a highly successful year for Family Offices, the stock market has seen a significant amount of volatility, interest rates and job openings are rising, China and the U.S. are in a trade war, the deficit is rising, GDP is 3.5%, the price of oil changes daily, baby boomers aren’t retiring, U.S. Companies are paying record dividends and fortunately, we still have a very strong economy here in the U.S.
There are over 12,000 family offices worldwide that control over $20 trillion of assets, which is substantially more than private equity assets under management of approximately $2.5 trillion and hedge fund assets under management of approximately $3.1 trillion.
Hedge funds are advising of a market correction in 2019 and so far for the month of December, it sure looks that way. Yet, despite the recent volatility, The U.S. is still seen as a “safe haven” for capital from overseas. Singapore, South Korea, Hong Kong and Mexico are also attracting family offices as well. Due to Brexit and the uncertainty in Europe, the U.S. appears to be more attractive at this time. Direct investments will continue across all asset classes globally. In addition, several Latin American countries are attracting attention from family offices including Peru and Columbia.
For additional information on other trends for 2019 for Family Office, please contact: Michael Rosenblatt: President of FON Search and The Quest Organization at 212-971-0033 or via email at firstname.lastname@example.org