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Two surprising passages. '...the family office business has become a huge industry, valued at around $6 trillion, now bigger than the $4 trillion hedge fund bu
by entropicgravity 4y ago
Two surprising passages.
'...the family office business has become a huge industry, valued at around $6 trillion, now bigger than the $4 trillion hedge fund business.'.
and
'Investing in venture capital funds doesn’t put enough money to work, this person said, which encourages some family offices to just dump wads of cash into real estate, index funds, and anything else that can actually move enough dough.'
It's hard to imagine this much money in your bank account.