Family Offices Inside Hedge Funds

From Bloomberg

by Saijel Kishan Margaret Collins

 

Step inside Table Management, an obscure investment firm in New York, and something strange happens: you’re transported to the rarefied realm ofBill Ackman, the billionaire hedge fund manager.

Table, it turns out, is sort of a secret wrapped in mystery. From the same Manhattan skyscraper as Ackman’sPershing Square Capital Management, Table handles the personal finances of one client: the boss.

Ackman’s setup might seem unusual in the hedge fund business, where managers stake their fortunes on the funds they oversee for clients.

 

But a growing number of prominent hedge funders are also quietly cordoning off private enclaves for […] Read more