Top Hedge Fund News, Member Posts, Hedge Fund Daily Indices and more!

1yr ago Hedge Fund dealbreaker Views: 451

The House of Gorman wants to be the home of the family office.

Family offices are all the rage these days. Who wants to put up with the bitching and kvetching of clients when you can just do whatever the hell you want, like let it all ride on SPACs and cryptos? So much more fun that way. So that’s, like, what Adelphi Capital’s Roderick Jack and Marcel Jongen—last seen dumping their short book as quickly as possible—are gonna do. No, there’s no other reason.

Last year it lost 8.3 per cent, after a bruising fourth quarter, according to numbers sent to investors, and this year it is down 15.7 per cent.

Anyway, that’s some lucrative business. Maybe not Adelphi’s, but, you know, other family offices. And Morgan Stanley—possibly looking for something to replace another lucrative business—wants in.

The bank has spent the last four years developing a suite of products geared toward family offices… “They’ve fallen between the cracks of what had existed before,” [COO Jed Finn] said. “It’s a $5.5+ trillion segment where nobody has significant share because there’s no single offering that really can fit the various needs of the different families….”

The bank took its fund services platform for hedge funds, which custodies and tracks values across asset classes and geographies, and adapted it for the family office, creating a clean interface showing holdings and performance…. “That has become a huge source of demand from these families. They want to be shown more and different types of non-correlated investments,” Finn said.

Win-win! What could possibly go wrong?

Morgan Stanley aims to serve the richest of the rich as family offices grow to $5.5 trillion in assets [CNBC]
Adelphi Capital to become a family office after run of poor performance [FT]
Hedge fund Adelphi scrambles to close short positions with 53 reductions in three months [FN]


Today's Hedge Fund Headlines:

Log In for More
Access Over 250K+ Industry Headlines, Posts and Updates
Not a member yet?

Join AlphaMaven

The Premier Alternative Investment
Research and Due Diligence Platform for Investors

Free Membership for Qualified Investors and Industry Participants
  • Easily Customize Content to Match Your Investment Preferences
  • Breaking News 24/7/365
  • Daily Newsletter & Indices
  • Alternative Investment Listings & LeaderBoards
  • Industry Research, Due Diligence, Videos, Webinars, Events, Press Releases, Market Commentary, Newsletters, Fact Sheets, Presentations, Investment Mandates, Video PitchBooks & More!
  • Company Directory
  • Contact Directory
  • Member Posts & Publications
  • Alpha University Video Series to Expand Investor Knowledge
  • AUM Accelerator Program (designed for investment managers)
  • Over 450K+ Industry Headlines, Posts and Updates
ALL ALPHAMAVEN CONTENT IS FOR INFORMATIONAL PURPOSES ONLY. CONTENT POSTED BY MEMBERS DOES NOT NECESSARILY REFLECT THE OPINION OR BELIEFS OF ALPHAMAVEN AND HAS NOT ALWAYS BEEN INDEPENDENTLY VERIFIED BY ALPHAMAVEN. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. THIS IS NOT A SOLICITATION FOR INVESTMENT. THE MATERIAL PROVIDED HEREIN IS FOR INFORMATIONAL PURPOSES ONLY. IT DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY ANY INTERESTS OF ANY FUND OR ANY OTHER SECURITIES. ANY SUCH OFFERINGS CAN BE MADE ONLY IN ACCORDANCE WITH THE TERMS AND CONDITIONS SET FORTH IN THE INVESTMENT'S PRIVATE PLACEMENT MEMORANDUM. PRIOR TO INVESTING, INVESTORS ARE STRONGLY URGED TO REVIEW CAREFULLY THE PRIVATE PLACEMENT MEMORANDUM (INCLUDING THE RISK FACTORS DESCRIBED THEREIN), THE LIMITED PARTNERSHIP AGREEMENT AND THE SUBSCRIPTION DOCUMENTS, TO ASK SUCH QUESTIONS OF THE INVESTMENT MANAGER AS THEY DEEM APPROPRIATE, AND TO DISCUSS ANY PROSPECTIVE INVESTMENT IN THE FUND WITH THEIR LEGAL AND TAX ADVISERS IN ORDER TO MAKE AN INDEPENDENT DETERMINATION OF THE SUITABILITY AND CONSEQUENCES OF AN INVESTMENT.