A family office is a combination of prop firm and hedge fund, in that
it trades only proprietary capital and is largely exempt from
regulatory oversight, while deploying mostly long term strategies like
a hedge fund.
The rise of the family office underscores the difficulty of
successfully managing a hedge fund in a highly regulated global
environment. Legendary investor George Soros has converted Soros Fund
Management from a hedge fund into a family office. Steven Cohen,
founder of consistently profitable S.A.C. Capital Advisors shuttered
the firm following a bruising insider trading investigation, then
reemerged in 2014 as Point72 Asset Management, also structured as a
IS THERE ANY SEPARATE CLASSIFICATION OF FAMILY OFFICE ?
HOW TO GET ONE FOR YOUR TRADING FIRM ?