Entrepreneurial spirit drives success
Family offices are looking to become more business-like with greater emphasis on investment and administration and less on the family itself. This is just one of the findings revealed in a benchmark report based on surveys of a wide range of family offices over a period of three years.
The unique research report, according to Heinrich von Liechtenstein, a professor at IESE Business School at the University of Navarra, Barcelona, was based on over 160 detailed questionnaires and personal interviews with leading family offices over the world. A public report is to be published in conjunction with Wharton later this year.
Around half of those interviewed were Europeans with assets under $1 billion. European family offices were found to be more entrepreneurial and involved in the
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