Returns have been almost double the amount that they were in 2017 for family offices worldwide. The average investment portfolio for family offices globally was approximately 15%.
The reasons for the outstanding performance were the strong market overall and the fact that family offices are now taking a longer term approach to investing.
Family offices have moved into more direct investments, private equity and non-liquid investments. They have become a lot more sophisticated in their approach to investing and have begun to hire highly talented Chief Investment Officers from hedge and private equity funds. Realizing that the cost to hire candidates from hedge and private equity funds is much more than they have paid in the past, they have become more creative in developing compensation plans to allow for carried interest, co-investment opportunities and deferred compensation plans, and the results are truly paying off.
For additional information on how to establish a more attractive compensation plan to attract and retain some of the top performers in the industry, feel free to contact Michael Rosenblatt: President of FON Search and The Quest Organization at 212-971-0033 or via email at firstname.lastname@example.org
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