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Posted on: Feb. 20, 2016, 5:30 p.m.
For a number of reasons, some hedge funds are returning investor monies and choosing to operate as a family office. A closer examination of these transitions shows they progress from hedge fund to private investment company to multi-service family office. When hedge funds become family offices, except in a few cases, they are actually converting to a private investment company as money management is their only intent. The reason they are referred to as family offices is a legal ... Full investment news article