This article is based on our research process for our US multi family office list. The list includes the most important United States multi family offices, which manage the fortune of the wealthiest families in the country. For every multi family office, we offer detailed contact details and focus information.
Family offices adopt a holistic approach when managing the assets of their clients when compared to hedge funds which have become increasingly attractive to ultra-high-net-worth families. The multi-family approach allows for the clients to include hedge funds in their own investment portfolio as well as reaping the benefits of the comprehensive financial services provided by multi-family offices. In this article, three multi-family offices that deploy a hedge fund investor approach will be presented. All of the multi-family offices included in this research can be found on our list of the largest US multi-family offices.
1. Sentinal Trust (Houston, Texas)
Sentinal Trust was established by the partnership between the Flowers and Fruehauf families in 1997 which brought together the two single-family offices. Since then, the Texas-based group has been providing financial services to ultra-high-net-worth families. Its investment policy consists of providing tailored, individualized financial advice to its client, and have amassed a portfolio in the excess of $5.5bn of assets under management. Sentinal diversifies hedge fund portfolios by pooling client capital and relies on its reputation in the hedge fund industry to make smart commitments for its clients.
2. Promus Holdings LLC (Chicago, Illinois)
Promus Holdings has been acting as a multi-family office since 2008 after a merger between two single-family offices, the Musso and Code families. Since its establishment, the firm has developed a firm position in the family office market and now serves over 30 families. The Illinois-based firm seeks ultra-high-net-worth families and targets families with an EBITDA of over $15m. Since 2008, Promus has adopted a muti-manager strategy within the hedge fund industry. Thus, allowing its clients to diversify their portfolios, reducing volatility, helping limit drawdowns, and providing access to various markets.
3. Jasper Ridge (Menlo Valley, California)
Jasper Ridge is based in California and was established to provide financial services to prominent families, foundations, and institutional clients. The California-based group operates across all major asset classes such as public equity, fixed income, hedge funds, private equity, venture capital, and real estate. Jasper Ridge’s strengths are its vastly experienced investment professionals who have numerous years of experience developing portfolios. In-house, the firm consists of 33 investment professionals and 91 employees who provide client service, accounting, legal, tax, operations, and transaction execution services. Currently, the group manages over $32bn of assets across numerous sectors such as fixed income, hedge, and venture capital.
Image Source: Claudio Schwarz (22.03.2023)