Family offices

We manage assets for a worldwide clientele of family offices in a wide range of equity, fixed income, alternative and multi-asset approaches. Our clients include large single- and multi-family offices, family foundations and independent wealth advisers.

Why family offices partner with us

PRIVATE PARTNERSHIP

As a private partnership whose origins date back to 1928, we have a deeply ingrained appreciation of the privacy and confidentiality needs of our family-office clients.

CLIENT-ORIENTED BUSINESS MODEL

Our only business is investment management, with a focus on serving family offices and other institutional investors with extensive experience in investing and long time horizons.

CONSULTATIVE APPROACH

We seek to gain an in-depth understanding of each family office’s investment objectives — upside participation with downside mitigation, absolute-return goals, inflation hedging or other goals — and tailor solutions that are often shaped by clients’ tax considerations and liquidity preferences.

INSTITUTIONAL STRENGTH

Our infrastructure and oversight processes are designed to provide consistency of service to our family-office clients.

Investment solutions for family offices

Hedged equities
  • Long/short
  • Long/short sector
  • Multi-strategy
Fixed income
  • Relative value
  • Macro/emerging markets debt
  • Multi-strategy
  • Municipal bonds
Alternative exposures
  • Infrastructure
  • Liquid real assets
  • Niche opportunities
Equities
  • Core and satellite emerging markets
  • Natural resources oriented
  • Global contrarian
  • Income oriented
  • Concentrated styles
Multi-asset solutions
  • Outcome oriented
  • Inflation sensitive
  • Multi-strategy low beta

This list is for illustrative purposes only and does not include all of the approaches that are available or that may fit the stated theme. Investing involves risk, and an investment in an approach could lose money.

Resources for family office clients

SEMINARS AND EDUCATIONAL PROGRAMMES
We sponsor regional, family-office-specific seminars and roundtables. We also offer events and materials for a broad range of clients, including family offices:

  • Forums focused on research platforms, asset allocation, risk management and natural resources
  • Webcasts hosted by our investment professionals covering a wide range of topics
  • Thought leadership, including white papers and quarterly market outlooks.

Meet some of our family-office professionals

Contact us:

EXPLORE INSIGHTS

Using climate science to uncover investment opportunities
Investors are increasingly aware of the risks posed by climate change, but perhaps less so of the unexpected opportunities that climate science can help uncover.
Archived insights remain available on the site. Please consider the publish date while reading these older insights.
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July 2021
Using climate science to uncover investment opportunities
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Monthly Market Snapshot: June 2021
A monthly update on equity, fixed income, currency and commodity markets.
Archived insights remain available on the site. Please consider the publish date while reading these older insights.
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July 2021
Monthly Market Snapshot: June 2021
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Financial Market Review: Second quarter 2021
A quarterly review of results in the global equity, fixed income, currency and commodity markets.
Archived insights remain available on the site. Please consider the publish date while reading these older insights.
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July 2021
Financial Market Review: Second quarter 2021
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Mid-2021 Investment Outlook
As you look ahead to the second half of 2021, thought leaders from across our investment platform share their views on pressing questions.
Archived insights remain available on the site. Please consider the publish date while reading these older insights.
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July 2021
Mid-2021 Investment Outlook
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Investing implications of a three-speed economy
Multi-Asset Strategist and Portfolio Manager Nick Samouilhan and Investment Directors Andrew Sharp-Paul and Matthew Bullock highlight how key regional differences globally have led to three distinct ”blocks” of the world economy.
Archived insights remain available on the site. Please consider the publish date while reading these older insights.
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July 2021
Investing implications of a three-speed economy
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<span>Insurance Multi-Asset Outlook — </span>The rising tide of inflation: risks and opportunities for insurers
COVID vaccination progress and ample policy support may warrant a more pro-risk investment stance in the future, but persistent inflation concerns continue to loom. Multi-Asset Insurance Strategist Tim Antonelli and Investment Strategy Analyst Daniel Cook share insights to help insurers navigate these competing forces.
Archived insights remain available on the site. Please consider the publish date while reading these older insights.
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July 2021
Insurance Multi-Asset Outlook — The rising tide of inflation: risks and opportunities for insurers
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Tim Antonelli
 CFA, FRM, SCR
Split decision: should investors  separate China from EM equities?
Many investors are contemplating whether to separate China from the rest of their emerging market equity allocation. Members of our Investment Strategy Group argue that the key decision point is not China’s dominance of the emerging market index, but the extent to which a standalone China allocation can be viewed as similar to an EM ex-China allocation. In this paper, they evaluate the similarity of the two allocations using a variety of metrics, from correlations to factors to sector composition.
Archived insights remain available on the site. Please consider the publish date while reading these older insights.
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July 2021
Split decision: should investors separate China from EM equities?
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publish
Building climate resilience within a strategic asset allocation framework
Driving volatility and dispersion, climate change could have lasting effects on the risk and return profile of a strategic asset allocation plan. We suggest allocators factor climate change into their structural planning today, and we propose a climate-aware allocation framework to help them do so.
Archived insights remain available on the site. Please consider the publish date while reading these older insights.
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July 2021
Building climate resilience within a strategic asset allocation framework
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Erika Murphy
 CFA, CAIA