George Soros and Stanley Druckenmiller’s investment firms trimmed their holdings in “Magnificent Seven” stocks before this year’s ebullient run-up in technology companies gave way to a major downturn in mid-July.
Insiders at the Magnificent Seven tech companies are following Jeff Bezos and Mark Zuckerberg in realizing gains from the stocks that have largely powered the boom in US equity markets.
Bridgewater Associates founder Ray Dalio warned Silicon Valley Bank’s failure shows cracks widening in global finance, joining other US billionaires raising the alarm on fallout from the lender’s collapse.
First it was the art, then the Manhattan mansions, now it’s the superyacht. The Ron Perelman clearance sale continues.
Its 800 members have raised their cash holdings to 19% of their total assets on concerns over the economic consequences of the covid pandemic in the U.S.
The company allows family offices and rich individuals to analyze their public and private investments in one digital platform, and also stores documents for their holdings.
It pays to be a senior executive in a U.S. family office.
A network of more than 400 family offices and a venture backed by hedge fund billionaire Paul Tudor Jones are partnering to help simplify deal-making for the ultra-wealthy.
As nations have closed borders, some individuals are facing the prospect of higher taxes from spending too many days in a foreign locale or having to shelve plans to obtain tax breaks by moving abroad.
A number of cash-rich family offices poised to benefit from tumbling markets.