Cainvest International Bank Ltd., the wealth-management firm controlled by Brazil’s Cohab Aboulafia family, plans to expand in Latin America by partnering with family offices.
The executive's departure comes at a tough time for the Asian hedge fund industry which has seen investors pull out a net $1.35 billion through October this year, according to data from industry tracker Eurekahedge.
In this year’s first half, 424 hedge funds were liquidated, according to Chicago-based Hedge Fund Research Inc.
As Penta Daily’s readers will recall, the SEC drafted new family office rules in July, 2011 to make sure family offices didn’t get caught up in the onerous Dodd-Frank regulation targeted at investment advisors.
The Qatar Financial Centre Authority 'QFC Authority' has announced today that important new Regulations have been issued governing special purpose companies, holding companies and single family offices operating in or from the QFC.