{"product_id":"structuring-the-family-office-insourcing-versus-outsourcing-decisions-for-real-estate-investments-into-foreign-markets-von-florian-manz","title":"Structuring the Family Office. Insourcing versus Outsourcing Decisions for Real Estate Investments into Foreign Markets","description":"\u003cp\u003eSeminar paper from the year 2013 in the subject Leadership and Human Resources - Miscellaneous, grade: 1,2, EBS European Business School gGmbH (Strascheg Institute for Innovation and Entrepreneurship (SIIE)), language: English, abstract: The term family office (FO) is a hot buzzword in the financial services industry today\u003c\/p\u003e\u003cp\u003e(Bowen Jr., 2004). As their wealth increases, families will at some point likely turn to\u003c\/p\u003e\u003cp\u003eadvisors to assist with the management and protection of their prosperity. These\u003c\/p\u003e\u003cp\u003eprofessionals working under one roof are commonly referred to as family office\u003c\/p\u003e\u003cp\u003e(Cestnick, 2011).\u003c\/p\u003e\u003cp\u003eLike any business operating in the capital markets, family offices focus on the\u003c\/p\u003e\u003cp\u003eachievement of superior performance and investment return maximization. Yet, in a\u003c\/p\u003e\u003cp\u003eglobalized world, markets have turned out to be fairly volatile during the past two\u003c\/p\u003e\u003cp\u003edecades. In particular as a consequence of the 2008 financial crisis, markets have been\u003c\/p\u003e\u003cp\u003eturbulent all around the world (Adair, Berry, Haran, Lloyd, \u0026amp; McGreal, 2009). Still\u003c\/p\u003e\u003cp\u003etoday, Europe - as an economic entity - appears to be sensible to the offshoots of the\u003c\/p\u003e\u003cp\u003efinancial and economic depression (Adair et. al., 2009).\u003c\/p\u003e\u003cp\u003eDuring such times, the axiom for a family office may be contrasting: If only few\u003c\/p\u003e\u003cp\u003ereputable investments turn out to be profitable, the primary objective rather has to be\u003c\/p\u003e\u003cp\u003ethe diversification and securitizing of assets and risks (Basel Committee on Banking\u003c\/p\u003e\u003cp\u003eSupervision, 2011).\u003c\/p\u003e\u003cp\u003eHedging against inflation and economic disruptions, both gold and real estate, often\u003c\/p\u003e\u003cp\u003econsidered the classical alternative investments, have lately received increasing\u003c\/p\u003e\u003cp\u003eattention by academic scholars and practitioners (Bond \u0026amp; Seiler, 1998; Enns, 1979;\u003c\/p\u003e\u003cp\u003ePreston, 2011; Worthington \u0026amp; Pahlavani, 2007). Real estate, in particular, is\u003c\/p\u003e\u003cp\u003econsidered favorable by some as, unlike for gold, capital gains are not the sole source\u003c\/p\u003e\u003cp\u003eof income and positive cashflows on income properties may be achieved on a\u003c\/p\u003e\u003cp\u003ereoccurring basis (McKnight, 2010).\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783656921790\"\u003e\u003ch3\u003e\u003c\/h3\u003e\u003c\/div\u003e","brand":"Libri","offers":[{"title":"Softcover - 9783656921790","offer_id":39438834565213,"sku":"9783656921790","price":18.95,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/20f6d7fb-d265-4478-a86b-e2a266add7ff.jpg?v=1778214780","url":"https:\/\/shop.autorenwelt.de\/products\/structuring-the-family-office-insourcing-versus-outsourcing-decisions-for-real-estate-investments-into-foreign-markets-von-florian-manz","provider":"Autorenwelt Shop","version":"1.0","type":"link"}