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Google co-founder worth S$115 billion setting up family office in S pore

The 47-year-old ranked the ninth richest person in the world will join the likes of British inventor James Dyson in taking advantage of Singapore s low taxes, high security and generous incentives for family offices. Bloomberg estimated his net-worth to be US$86.5 billion (S$115.2 billion). Family offices are described by Investopedia as being advisory firms that manage the finances or investments of an affluent individual or family. Brin s office is based in California and is called Bayshore Global Management. They established an office in Singapore in late-2020, reported Bloomberg. According to BBC, Brin co-founded Google with Larry Page in 1998, though both have since stepped away from the active management of the company.

World s super-rich families bet on hedge funds in economic upheaval: Survey

Family offices are heading back to hedge funds. More than a third of 185 investment firms for wealthy clans plan to boost allocations amid the economic upheaval caused by the Covid-19 pandemic, according to survey released Wednesday by BlackRock Inc. and Juniper Place, a London-based firm that helps asset managers raise capital. Family offices and other investors soured on hedge funds in recent years, bemoaning high fees and lackluster returns. But the health crisis has given some of those managers a boost, particularly stock-pickers who benefited from aggressive bets on technology stocks and copious economic stimulus that drove equities to new heights.

Survey: World s Super-Rich Families Want More Hedge Funds

Survey: World s Super-Rich Families Want More Hedge Funds
newsmax.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsmax.com Daily Mail and Mail on Sunday newspapers.

BlackRock, Juniper Place survey finds super-rich families want more hedge funds

BlackRock, Juniper Place survey finds super-rich families want more hedge funds
financial-planning.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financial-planning.com Daily Mail and Mail on Sunday newspapers.

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