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VENTURE PHILANTHROPY, EDUCATION & VALUES


Informed investors


When it comes to building a family fortune, knowledge breeds success. The same principles apply to managing existing wealth. Today’s Family Offices need access to accurate, real-time news and data, insightful analysis and powerful analytics if they are to deliver the service and performance their increasingly involved clients demand.


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INDUSTRY-SPECIFIC DASHBOARDS VIA BI


complex and interconnected global markets, access to data and information—and the software tools to manipulate it—have become pre-requisites for Family Offices looking to satisfy the increasingly sophisticated needs of their clients. The Asia-Pacific is now home to more High Net-


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Worth Individuals (HNWIs) than any other region in the world, according to the 2012 Asia-Pacific Wealth report from Capgemini and RBS, a blend of entrepreneurs generating fresh fortunes and old money inherited by a new generation. Increasingly active and informed, these investors are demanding greater insight into their holdings – and their risk exposure – especially in the aftermath of the chastening global financial crisis. For Family Offices this presents an opportunity. While


some still rely on in-house or proprietary IT systems from domestic providers, more innovative firms are turning to international, third party technology solutions such as the Bloomberg Professional service. Such tools enable both single- and multi-Family Offices to harness the power of the same news, data and analytics platform that the world’s biggest banks, traders and corporations use to gain an edge.


Portfolio and risk management The Bloomberg Professional service combines accurate, real-time data with powerful analytics, market moving news and exclusive analysis in a single, integrated platform. With such a broad suite of products ensures there’s a solution for almost every requirement, but


60 FAMILY OFFICE: THE FUTURE


ake one look at the way the most successful private wealth management firms today operate and you would know instantly: this is not your father’s Family Office. In ever more


among the most valuable for the modern Family Office is the ability to monitor and manage the holdings and risk within their portfolios. “Asia-Pacific HNWIs are especially keen to


understand where the risks lie in their portfolios and to achieve more balanced asset allocations,” wrote Capgemini in its 2011 Asia-Pacific Wealth Report. “As a result, they want more evidence (such as risk-scenario analysis) to guide their investment decisions.” The right portfolio and risk analytics can help Family


Offices deliver the high levels of transparency that their clients are requesting. Perhaps more important, they give the wealth managers themselves sophisticated tools that can enhance their own performance, giving them access to critical data, such as a database of fundamentals, to help them monitor and manage their investment portfolios. Tools that assist with rebalancing and optimizing asset allocation, and track real-time profit and loss, also enable the Family Office to operate with greater clarity and confidence. The ability to look deep inside a portfolio is only half


of the equation, however. In an increasingly compliance- focused environment, wealth manager must also know their client’s exposure at any moment in time, and be able to run complex risk calculations, such as scenario and value-at-risk analysis. What would the impact on the portfolio be of a second ‘Lehmann Brothers moment’? How would the holdings be impacted by a Greek exit from the euro? Increasingly, clients are demanding to know.


Multi-asset class solutions To offer truly valuable services, Family Offices also require access to a multi-asset class platform for trading across the fixed income, equities, foreign


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