"The growing importance of South America, and Brazil in particular, “on the world economic stage is undeniable”
The New York-based firm, which manages about $300 million (€233.3 million), is reportedly struggling to raise capital and will start returning money to its clients in October. It plans to be converted to a family office in 2013.
Think of the term “family office” and a number of images will enter your mind; oak-panelled rooms, exclusive client lists and imposing offices. But the family office has come a long way since emerging in the US during the 19th century.
Lord Iveagh, chairman, comments on the new Board appointments: “The Guinness family is committed to offering the retail market a fund proposition of the highest integrity which reflects their own philosophy on investment, and they also recognise th
"Many high net worth (HNW) and family offices find it difficult to access international strategies which suit them, as most are designed for the institutional market and are not in the best long-term interests of private wealth holders," said P