Interview – Family Capital (2017)
By Nick Rucker • 30th November 2017
Asher Noor was interviewed by Nick Rucker for Family Capital, UK.
Family Capital spoke to investment principals at five single-family offices about what they will be keeping an eye on in 2018.
Asher Noor is chief investment officer of the Saudi-based single-family office, AlTouq.
I personally think that 2018 will be a roller coaster year in terms of economic uncertainty in the developed world. The bitcoin frenzy and frothy equity market returns are making a lot of people dizzy and could lead to dumb allocation choices being made. The “fear of missing out” factor is pervasive, but sophisticated family offices should not fall for it.
Therefore, there is no real need for opportunistic first-time punts in the venture capital space or branching out into sectors that any family office has traditionally shied away from. Between capital preservation and capital appreciation, 2018 would be better spent holding onto liquidity, being wary of the impact of disruption to their core operating businesses and focusing more on governance and succession planning. Not all frontier and emerging markets are equal and if your family office has a smart investment committee, they should be able to pick the markets where real estate and equities are bound to pay handsome returns. Pay serious heed to the startup culture in those geographies too.
Originally published on: https://www.famcap.com/2017/11/five-family-offices-offer-their-thoughts-on-investing-in-2018/
