Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

xchrom

(108,903 posts)
Fri Oct 31, 2014, 07:22 AM Oct 2014

Richest Bullish on U.S. as Family Offices Open Outposts

http://www.bloomberg.com/news/2014-10-31/richest-bullish-on-u-s-as-family-offices-open-outposts.html




As the U.S. powers the global economic expansion in its fifth year, the world’s rich are counting on American companies to help increase their fortunes.

At least a dozen family offices, with fortunes made in Europe, Asia and South America, have opened U.S. outposts in the past two years or are making direct investments in corporations from Silicon Valley to the East Coast. Their view is that the Federal Reserve’s aggressive monetary easing, a shale oil boom that’s lowered energy costs, and improving corporate balance sheets give the world’s largest economy an edge over other regions.

Peca Ltd., a London-based firm started in the 1990s by a family that made its wealth mainly in financial services, has made about two-thirds of its private-equity and venture capital investments in the U.S. while reducing investments in Europe, said Anselm Adams, who oversees the firm’s alternative investments. A German family that founded an automotive company opened an investment office in New York this year to find deals in the automobile, textile or luxury industries, according to a person familiar with the matter, who asked for anonymity citing a lack of authorization to discuss the firm.

“They are looking for diversification and more exposure to the U.S.,” Patrick McCloskey, managing partner at Aeterna Capital Partners, said of the firms. “Many family groups are trying to manufacture yield in a very low-interest-rate environment and are looking for unique and customized ways to do so.”

$4 Trillion

2 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Richest Bullish on U.S. as Family Offices Open Outposts (Original Post) xchrom Oct 2014 OP
We are having a financial expansion? dixiegrrrrl Oct 2014 #1
Da'h. You monies is safe here wit' us. Octafish Oct 2014 #2

dixiegrrrrl

(60,010 posts)
1. We are having a financial expansion?
Fri Oct 31, 2014, 07:53 AM
Oct 2014

Economic boom better than Europe?

Thank god...I thought I was poor. whew!

Latest Discussions»General Discussion»Richest Bullish on U.S. a...