Shelton, Conn. (March 11, 2004) -- Family offices expect to make a tremendous push into hedge fund management over the next three years, according to research by consultancy Prince & Associates.
While many family offices will seek outside hedge funds for their efforts, they'll also provide affluent families with a strong alternative to traditional providers of hedge funds, according to Prince & Associates. The percent of single- and multi-family offices managing hedge funds of funds is projected to double, to 66 percent and 80 percent, respectively. The findings are based on interviews with 92 single-family offices, 234 multi-family offices, and 327 firms that bill themselves as providers of family office services.
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