![]() ![]() “You know, most family offices, their first and foremost objective is to protect capital. ![]() ![]() “They have been preparing for this,” Mr Elias says. Today, after 11 increases in the Reserve Bank of Australia’s official interest rate, stubborn inflation, a spike in business defaults and a drop in consumer confidence, all professional investors are trying to work out how to profit from the first, rising-rates cycle in a decade.įor family offices – the small but skilled teams that invest on behalf of rich families – the dislocation is old news, a perennial challenge and, perhaps, a big opportunity. Mike and Annie Cannon-Brookes established Grok Ventures to invest their wealth. About 18 months ago, Perpetual Private associate partner Daniel Elias noticed a shift among some of Australia’s wealthy families: the smart money was seeking safety. ![]()
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