Does anyone have insight on working on the investment team at a single family office? Pros and cons?

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I know people on sfo teams and strategies can change very quickly. You may have to rebalance often, you get your budget set every year and that may change over the year based on the family. Also FOs as a whole are not known with being smart money so you may have difficulties getting into good deals on the private markets.

Eg after the cruise ships fiasco Virgin fo just stopped doing any new investments and went into full portfolio management mode as Branson lost quite a bit of money.

I guess the good side you see loads of different strategies in place on public and private markets. Obviously every SFO will have preference towards one or the other but overall it seems interesting.

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Get a good base and don’t look back, family office life is great.

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