FAST FIVE: Meet The Super Exclusive Family Office Investing Club Run By An Ex-Goldman Prop Trader
Meet The Super Exclusive Family Office Investing Club Run By An Ex-Goldman Prop Trader Tyler Durden Sun, 05/24/2020 – 09:55 Ex-Goldman Sachs prop trader Lex van Dam knows where his bread is being buttered: family offices.
A whole bunch of family offices together.
So van Dam started the London-based SFO Alliance, which sets out to be “a forum to discuss common problems and find investment solutions to match [family office] idiosyncrasies.” Keith Johnston, chief executive officer of SFO, said: “Single family offices are a unique set of long-term, often even multigenerational investors.” The company is going to host private events where offices can come together to discuss things like private equity deals, real estate and direct investments in businesses.
Family offices have been increasingly considering private debt, with the number of offices active in the asset class more than doubling since 2015. Van Dam joined Goldman Sachs in 1992 and ran one of the bank's prop desks before going to work at Rinkelberg.
In fact, months ago here on Zero Hedge, we reported about how some family offices were getting direct lines to the trading desks at investment banks.