©David Walter Banks

In this report

The ground traditionally occupied by family offices is shifting — as is the nature of their business

Past fortunes

Gabriele Quandt, Chairwoman of 'Friends of Neue Nationalgalerie' poses next to the work of 'Karl Schmidt-Rottluff - Self-Portrait with Monocle 1910' during the press opening of 'Impressionismus - Expressionismus. Kunstwende' Exhibition preview at Alte Nationalgalerie on May 20, 2015 in Berlin, Germany
©Christian Marquardt/Getty Images

The multi-family office for Germany’s Quandts is expanding its client base

Sir Peter Blake, who has created three collages for The Thief
©Anton Soggiu

Master suites

Luxury hotels are becoming fine art spaces to rival many galleries

George Soros is the best-known member of the hedge fund industry to have quit running money for external investors
©Joshua Bright/NY Times/Redux/Eyevine

Cool reception

The move by hedge funds to become family offices has not been universally welcomed

Global outlook

Central banks hold the key to growth or recesssion, say investment managers

JB Pritzker and Tony Pritzker at Las Vegas City Hall on Tuesday, September 29, 2015
©David Walter Banks

Direct dealers

The Pritzker brothers have been pioneers of direct investing in family firms

Family offices: the next stage

As the structure is adopted around the world, notably in Asia, it will surely change further

An early mobile phone during the Iranian Embassy siege at Princes Gate, South Kensington, London, 1980
©Kypros/Getty Images

Shock of the new

Wealth managers struggle with modern technology

Li Ka-shing
©AFP/Getty Images

Asia’s new altruists

A foundation can be an incubator for children to join the business later

Harvard Business School
©Brent Lewin/Bloomberg

Outsmarting Harvard

How to handle market volatility

Alex Scott and Alexandra Altinger
©Rick Pushinsky

Sandaire Investment Office’s community spirit

The long term is critical says Alex Scott, the group’s founder

Manageable ambitions

Family offices are expanding their philanthropic ventures

Smooth handovers

Succession is easier if the process happens slowly

Follow the money

The implications of the UK’s clampdown on non-doms

The generation game

Challenges for family offices in emerging markets

Cost challenges drive mergers

Consolidations gather pace in multi-family offices

The taxman cometh

What the common reporting standard will mean for families’ planning set-ups

Capitalism for employees

Can companies be persuaded to pay their workers more?

What’s in a name?

Cascade Investment, Bill Gates’ wealth manager, is known to invest globally and across many asset classes

Investment passions: ceramics

The pleasures and pitfalls of collecting pottery

Family offices develop appetite for risk

Family offices are favouring riskier assets more and more

Ambitious Wealth

Alexandre Mars on an epic charity journey

Funding will always come from me, says the philanthropist

From the editor

The nature of wealth is evolving in the second decade of the 21st century

Positive thinker

Nicolas Berggruen, the ‘homeless billionaire’, is on a crusade for ideas on his next big investment

Handle with care

Statistics paint a worrying picture of the number of art pieces damaged while being moved

London calling

UK banks need a different mindset to work with entrepreneurs

To boldly go

The power of prize money is rediscovered to spur innovation

Game changer

Macau morphs from gambling haven to family-friendly zone

Trump breaks with billionaires on migrants

One of the most fashionable causes currently is funding university tuition for migrant children

The Rich Column: Principle of good works

It is tempting to view UBS’s launch of a poverty fund as atonement for . . . sins

Reach for the skies

A family office must be a mixture of venture capitalist and wealth manager

Carrying the baton

How large family businesses prepare for succession

Poland’s empire builder

Jan Kulczyk demonstrated to his peers that capital did not only have to flow from west to east

No need to go it alone

Donors recognise the benefits of outsourcing to avoid complex backroom burdens

Book review: ‘Rich People, Poor Countries’

The book shows how the development process is closely connected to the rise of large companies

Mixed fortunes of football

Passion first when investing in the beautiful game

How (not) to report a crisis

An eight-point guide, with real examples from newspapers

The wealthy on trial

Reputations are always at stake for rich and high-profile individuals accused of crime

Investment focus

In times of turmoil, gold resurfaces as a potential safe haven

Summer 2015

Mexico’s super-rich under scrutiny

The country’s wealthy and powerful are used to attention, but not all publicity is good

Profitable porn

The adult industry is building its brands in an effort to counter digital disruption