Investment Strategies
Infrastructure Demands To Pave New Opportunities For HNW Families - Wigmore

US
and global infrastructure demands will generate new long-term
investment
opportunities which carry attractive dividends to high net worth
families,
Wigmore Association chief investment officers recently
concluded at a meeting in Toronto.
The
nature of these investment assets - long-term, low risk, and
usually carrying significant
dividend components - is very “attractive to high net worth
families,” they
said, explaining that public sector projects such as
bridges, highways and hospitals are increasingly
being supplemented by new private and public partnerships.
In terms of inflation, the CIOs forecast a “viable threat” of a
period of
inflation over the next three to five years. However, they
stressed that despite a lack of short-term
pressure, this “in no way diminishes the longer-term risk.”
“Most
members are advising clients to reduce core fixed income holdings
in favor of
more strategically diverse holdings, such as emerging market debt
and
non-discretional hedge funds,” the association said.
Keeping an eye on Europe
Meanwhile,
the group continues to closely follow events in Europe, remaining
“cautiously positive” in the short-term and hopeful that
political and financial
leaders will create permanent solutions.
In
the meantime, the association is homing in on the
growth potential in emerging markets. Earlier this week, it added
Brazil-based
Turim Family Office Investment Management, as it expands its
horizons
into Latin America, for example. Turim is hoping to leverage the
network to
better serve its clients in Brazil, by providing access to a
wider pool of
investment research.
“The
growing importance of South America, and Brazil in particular, on
the world
economic stage is undeniable. We look forward to gaining their
insights and
perspective on the challenges of managing family wealth,”
Marc Hendriks, chief
investment officer of SandAire, said earlier this week.
The
Wigmore Association is a group of multi-family offices which
collaborates on
investment research. The group was formed in late 2011 and
consists of Pitcairn
and five other companies: The Myer Family Company
(Australia), HQ Trust (Germany), Northwood Family Office
(Canada), Progeny 3
(US), and SandAire (UK).
To view a recent item about The Wigmore Association, click here.