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Family offices have been increasing their allocations to private equity and this trend is likely to continue, according to a new study by the European Venture Capital and Private Equity Association and the IMD Business School of Lausanne. The average allocation to private equity by the offices interviewed was 12 per cent, with the highest commitment being close to 50 per cent. On the fund investment side, there is a strong preference for buy-out funds.

Investors can win bigger profits in commodity futures trading by keeping a close eye on inventory, according to a research paper available though Knowledge@Wharton. The research shows how to gauge inventory levels by looking at the relationship between prices of commodities on the futures market and in the cash market, where they are sold for immediate delivery.

ADRs, or American depository receipts, have given U.S. investors access to the common stocks of multinationals, but is an ADR-only account the best way to invest internationally? Fortigent examines that question in this white paper, concluding that high net worth investors also should consider limited partnerships and mutual funds with competitive fees.

The authors contend that there is a better approach than the Sharpe ratio or mean variance optimization (MVO) with respect to hedge fund portfolio analysis: the Omega equation. In their view the equation that adds to mean and variance, captures all of the higher moment information in the return distribution, incorporates sensitivity to return levels, and is intuitive and relatively easy to calculate.

Pre-IPO investing is one of the themes in the market today. There are in London many, many firms dedicated to the sales of shares in this area. It is often said that pre-ipo investing should be avoided as anything worth buying does not need to be sold.

This paper will examine ways to lessen six of the greatest risks to preserving and enjoying multigenerational wealth. These six risks are: concentrating your assets, overspending, overusing leverage, poor tax planning, not attending to liabilities, ignoring family governance

This article argues that real estate has become an integral component of diversified investment portfolios, and that exposure can be obtained via private equity structures. Institutionally sponsored, these funds can expose the investor to core, core-plus, value-added, opportunistic, joint-venture, private placement and retail syndication investment strategies. The initiators of these funds have devoted significant time and attention to the science of aggregating equity capital.

This article implores investors to draw conclusions about an investment manager not on the basis of numbers - past performance - but rather all the factors you can explore without looking at their track record. Once you have formed your opinion, see whether it tallies with the manager's track record.

Asset Diversification

Heritage Finance & Trust Company, Geneva, Switzerland, was founded in 1986 in Switzerland as a single family office providing financial advisory and portfolio management services. Over time, Heritage has evolved into a multifamily, multi-client office as it has seen demand for its services increase from an extended circle of family members and their related connections.