Hedge Funds Shy Away From Sackler Single Family Office
The bankrupt pharmaceutical firm Purdue is owned by the billionaire Sackler family. Now, two hedge funds loosen their ties to the Sackler single family office. Purdue Pharma: OxyContin lawsuits because of the opioid epidemic The Sackler family's company Purdue Pharma L.P. was one of the most successful U.S. pharmaceutical companies. More than 5,000 employees were... Continue reading →
mckinsey family office investments mio partners
Everybody knows the prestigious consulting firm McKinsey, but hardly anyone knows the powerful McKinsey family office MIO Partners (McKinsey Investment Office). MIO manages pension plan investments in the amount of more than $9.5BN for current and former partners. If you're looking for more family offices in the U.S. check our list of single offices in... Continue reading →
New York-based Single Family Office Invests In $35M Series C Round Of Blockchain Startup
New York-based startup Digital Asset - which is offering a smart-contract programming language - recently raised a $35M Series C funding round. Amongst the investors is the (also New York-based) single family office of former Blackstone executive Tony James. Synchronizing business processes through blockchain solutions Digital Asset's main product is DAML: a programming language for... Continue reading →