The Investment Associate will support the management of the due diligence efforts on all prospective and current investments for the family office (for RFO, namely). The Investment Associate is expected to lead the deal processes from beginning to end, servicing as the coordinator for the deal process. The Investment Associate will be in a highly visible position and expected to manage external diligence streams as well as internally communicate views and thoughts on various investment strategies for the family office, for Reinvention Family Office (RFO).
Part of Something Bigger Than Yourself – And Striving To Find a Greater Purpose. The Company Creates a More Innovative And Fulfilling Environment By Sharing Best Practices, With a Focus On Having a Positive Impact On Employees, Customers And Communities. Our Principles Include
Kindness, Respect and Trust
Merit
Accountability
Integrity
Essential Transparency
Never be Complacent
Work Hard and Have Fun
KEY RESPONSIBILITIES
Lead due diligence process for prospective and current investments – inclusive of creating and updating financial models, global macro and thematic research, as well as comparable analyses.
Produce monthly portfolio statements, detailing the firm’s investments in hedge funds, public equities, debt funds, private equity, venture capital and real estate.
Prepare quarterly portfolio performance reports, including a descriptive assessment of the firm’s investments relative to industry benchmarks.
Analyze the contribution of each investment manager in the context of the firm’s portfolio and explain how various investment styles impact the characteristics of the overall portfolio.
Evaluate investment managers to make allocation or redemption decisions with a goal towards improving the overall risk/return of the portfolio.
Regularly read research, news and other sources of current events to remain current on information affecting the firm’s investments.
Interact daily with the firm’s principals, colleagues, management teams and fund managers.
Some travel to visit fund managers; portfolio companies and prospects may be required.
QUALIFICATIONS/EXPERIENCE
Three to five years of experience in investment banking, private equity, venture capital, or hedge funds.
BA/BS degree in finance, business, economics or related discipline.
Prefer an MBA in business or finance.
REQUIRED SKILLS
High proficiency with Excel, Word and PowerPoint as well as SEC filings, Pitchbook, Bloomberg, among other investments-related databases.
Ability to work independently to quickly create detailed, high-quality investment summaries, including developing detailed financial models.
Proven analytical skills, business judgment and attention to detail.
Strong verbal and written communication skills.
Self-motivated working style, eagerness to learn and strong interpersonal skills.
Willingness to pitch in a polished way to respect our style of wealth management depth.
Is there competition to be the world’s first Trillionaire? YES And we will see this happen in 2024.
* The world today has a large supply of millionaires and more than 2,700 billionaires, but the first trillionaire remains to emerge.
* As wealth becomes increasingly concentrated, the first trillionaire may be among today’s richest people, or could come out of nowhere based on a new, trillion-dollar idea.
* A trillion dollars is a mind-boggling amount of money, exceeding the gross domestic product of many nations.
New York CNN September 2024 —
Elon Musk’s sprawling empire — spanning everything from electric vehicles and social media to space rockets and miniature brain implants — may soon make him the world’s first trillionaire.
Musk’s business success has made him one of the most influential — and controversial — people in the world. The Tesla boss is already the richest person on the planet, with a fortune estimated at nearly $250 billion.
Now, Musk could become the world’s first trillionaire, a milestone that Informa Connect Academy says he’s on track to hit by 2027.
Informa notes that Musk’s net worth has been growing rapidly at an average rate of 110% per year, making him the “clear favorite” to hit the $1 trillion first.
When it comes to billionaire wealth management, a commonly asked question is, “Do billionaires keep their money in banks?”
While banks do play a large role in how billionaires keep some of their money, it is very rarely the main place they hold their immense funds.
Most billionaires keep their money working for them by investing it in lucrative assets that can offer big returns over time, thus growing their wealth even further.
The following assets are the most common for billionaires to invest in for wealth security and expansion:
Equities
Equities are the value of shares issued by a company. By investing in equities for publicly and privately traded companies, billionaires can help start-ups establish themselves and then receive a percentage of the profits as they grow over time.
Generally speaking, investors prefer blue-chip stocks and significant stakes in leading global companies that offer long-term value and stability. Look into ETFs. https://www.investopedia.com/terms/e/etf.asp
Real estate
The strategic acquisition of real estate, including commercial properties, luxury residential estates, and investment in real estate investment trusts (REITs), are some of the most popular ways for billionaires to secure and grow their wealth.
As an asset, real estate serves as both a hedge against inflation and a source of rental income because its value increases over time, and the demand is very consistent.
Private equity and venture capital
Investing in venture capital means investing in new private companies and startups. This is often done through direct funding or specialized funds.
Investing in venture capital carries a higher risk due to the unpredictability of its growth. Still, there is also a potentially higher return on these investments, making it a key driver of innovation and business expansion.
Hedge funds
Hedge funds are offshore investment funds that hold liquid assets and utilize complex trading and risk management techniques in order to promote financial growth and insulate returns.
Hedge funds in billionaire portfolios can be used to achieve diverse investment strategies, including long-short equity positions, global macro strategies, and arbitrage opportunities.
Luxury assets and collectibles
Where do rich people keep their money when they have an appreciation for arts and culture or want to diversify their investments even further? Luxury assets and collectibles.
Due to their exclusive value, investments in art, antiques, luxury vehicles, and rare collectibles are effective wealth investment strategies for the ultra-wealthy.
These assets appreciate in value and serve as aesthetic and cultural symbols while also acting as alternative investments.
Precious metals
Investing in gold, silver, and other precious metals is a traditional store of value that the ultra-wealthy have always used to stabilize their economic status. Precious metal investment is especially useful in times of economic uncertainty or inflation.
Many billionaires allocate portions of their wealth to philanthropic efforts through foundations and direct charity donations. This not only benefits society but also enhances their public image and can offer tax advantages. (see link for Bloomberg).
>> Want to learn more about diversification?
How do billionaires use innovative investments and startups?
Investments in emerging technologies, renewable energy, biotechnology, and fintech startups can help billionaires grow their wealth and gain status in technological and scientific spheres.
Many emerging forms of technology require huge investments, and billionaires can provide them in exchange for stock or board positions that further their financial and professional influence.
Judge Approves $418 Million Settlement That Will Change Real Estate Commissions
Home sellers will no longer be required to offer commission to a buyer’s agent when they sell their property, under an agreement with the National Association of Realtors. https://lnkd.in/gX6wVhpn
A regular conversation with some of the most influential movers and shakers in business and markets hosted by Rob Cox, global editor of Breaking views. (Click to listen Apple podcast)
