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family office
[fam-lee aw-fis, of-is, fam-uh-lee]
noun
a financial advisory firm for extremely wealthy private individuals that is designed to offer comprehensive management of all assets, especially one that serves a single family.
51Թ History and Origins
Origin of family office1
Example Sentences
At Milken, Mexico was perceived as a strategic opportunity due to its proximity to the U.S., its young demographics and its large pension system, said Guadalupe Rodriguez, the chief investment officer at Mexican family office Talipot.
Unlike other men who were recruited by the middleman, Luke says his initial contact was an assistant working for Mr Jeffries’ family office - a private company run by Mr Smith, which managed the then-CEO’s wealth and properties.
Shepherd Futures, the family office of Chobani CEO and founder Ulukaya, now owns the assets of Anchor Brewing.
One guest who works with a Saudi family office told DealBook he couldn’t invest in an artificial intelligence company because its owners were wary of being connected to the kingdom.
Among the U.S. investors joining Fenway Group are some of the most well-known names in sports and finance: Marc Lasry, founder of the hedge fund Avenue Capital and a former owner of the Milwaukee Bucks; Tom Ricketts, chairman of the Chicago Cubs; Steven Cohen, the New York Mets owner via his family office, the Cohen Group; and Gerald Cardinale, founder of the investment firm RedBird Capital Partners.
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