What is a family office
The firm that manages the fortune of a very wealthy family or person. Several legendary investors ended up managing only their own money this way.
Why they matter
With no outside clients they can concentrate and think long term. Stanley Druckenmiller (Duquesne Family Office) is the most followed example.
Do they file 13F?
Yes, if they exceed US$ 100 million in US stocks. The rule is the same for every institutional manager.
Frequently asked questions
Which family offices can be followed?
Duquesne (Stanley Druckenmiller) and Paulson & Co. (John Paulson), among others.