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What's on the horizon for family businesses in 2022?

February 18, 2022

With 2022 holding out the prospect of growth and relatively greater stability than recent years, KPMG partner Tom McGinness anticipates a few key subjects on the family business agenda.

With 2022 holding out the prospect of growth and relatively greater stability than recent years, KPMG partner Tom McGinness anticipates a few key subjects on the family business agenda.

Diversification-led acquisitions

Stability, simplification and succession: The three S’s of capital gains tax

February 17, 2022

KPMG family office and private client team partner Jo Bateson talks about the key takeaways from the UK Government’s Tax Administration and Maintenance Day.

KPMG family office and private client team partner Jo Bateson talks about the key takeaways from the UK Government’s Tax Administration and Maintenance Day.

Turbulence ahead? How to invest for inflation volatility

February 15, 2022

Inflation volatility is coming says Ruffer LLP’s investment director Duncan MacInnes.

Inflation volatility is coming says Ruffer LLP’s investment director Duncan MacInnes.

Inflation is at a 40-year high. Given Ruffer has warned against rising inflation for some time, you might be forgiven for thinking we’ve cracked open the fancy (chocolate-covered) biscuits.

Unfortunately, we cannot rest upon our laurels. Because, ironically, now inflation is perceived as a problem, we can rest assured it will soon appear ‘Transitory’. But appearances can be deceptive.

Why Melinda French Gates going her own philanthropic way matters

February 4, 2022

The former wife of Microsoft co-founder Bill Gates has announced that she no longer plans to give away the bulk of her wealth via their Bill & Melinda Gates Foundation. Here's why a clean break makes sense.

Following on from her divorce from Microsoft co-founder Bill Gates in 2021, Melinda French Gates has announced that she no longer plans to give away the bulk of her wealth via their Bill & Melinda Gates Foundation.

Charity vs philanthropy: Discussing the best structures for the most effective giving

February 2, 2022

KPMG family office and private client team partner Jo Bateson talks about the philanthropic structures needed to support ad-hoc giving alongside longer-term goals.

KPMG family office and private client team partner Jo Bateson talks about the philanthropic structures needed to support ad-hoc giving alongside longer-term goals.

Many of us will make regular and often sizable charitable donations supporting causes that are close to our hearts. It is part of what makes us human. But when does charity become philanthropy? The distinction is not always clear.

How the Theatre Returns Fund could help London’s West End create the next big thing

January 31, 2022

From Cats to Hamilton, theatre's greatest hits have relied on risky decisions. But, says renowned producer Eleanor Lloyd, what is planned to be the Theatre Returns Fund will allow more innovative productions to be made with less uncertainty for investors.

FB roundup: Paul Allen, Ritesh Agarwal, Alpha Blue Ocean

January 27, 2022

The estate of the late Microsoft co-founder Paul Allen expands its investment management group, Oyo founder Ritesh Agarwal gets into agritech and family office Alpha Blue Ocean signs a new financing agreement.

Paul Allen’s family office expands its investment management group

Vulcan Inc., the family office of the late Microsoft co-founder Paul Allen, has expanded and renamed its investment management group.

Vulcan Capital has been retitled Cercano Management and is positioned as a public markets, private equity, private credit and real estate investment-advisory firm to ultra high net worth individuals, with managed assets totaling $7.7 billion.

How to position portfolios for tighter financial conditions

January 24, 2022

Financial conditions have never been so accommodative says Ruffer LLP’s investment director Duncan MacInnes.

Financial conditions have never been so accommodative says Ruffer LLP’s investment director Duncan MacInnes.

Omicron or not, the US economy is booming. The cocktail of pent-up animal spirits, household net worth at all-time highs plus hefty measures of monetary and fiscal stimulus is a potent one. The Atlanta Federal Reserve ‘NowCast’ has US Q4 real GDP at 7%; add 6% CPI inflation and you get a 13% nominal growth rate [1]. The growth picture is similar in Europe and the UK. One would have to go back 50 years to find a similar surge.

FB ROUNDUP: Lord Paul Myners, Adam Proctor, Wildcat Capital Management

January 20, 2022

The life of Lord Myners remembered in heartfelt tributes, Simon Nixon family office principal leaves to expand vertical farming business and Wildcat Capital Management further expands car wash holdings.

Tributes pour in for Lord Paul Myners, after ‘Tower of strength’ in financial crisis dies aged 73

Lord Paul Myners, a former UK treasury minister, City stalwart and director of multi-family business Rockefeller Capital Management, has died at the age of 73.

Lord Myners served under Labour prime minister Gordon Brown for two years until 2010. Appointed as the City minister in the treasury during the 2008 financial crisis following the collapse of Lehman Brothers, he assisted in the subsequent billion-pound bank bailout package.

Philanthropy versus impact investing in the world of the wealthy

January 17, 2022

Throughout the pandemic, members of the ultra-wealthy community have made a monumental social impact, but just one made a financial profit. Paul Westall, co-founder of the Agreus Group, asks do family offices always need a return when it comes to giving and is it possible to have it both ways?

This is an extract from the How To Change The World Report, a guide to philanthropy and impact investing by family office recruiter, Agreus. Download the full report here.