Family Office
A $6 Trillion Family Office World Fights Post-Archegos Crackdown
- Reform advocates press agencies to peel back offices’ secrecy
- More disclosure wouldn’t have prevented collapse, offices say
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The implosion of Archegos is giving thousands of secretive family offices the greatest challenge to their privacy in a decade. They won’t give it up without a fight.
Some lawmakers, regulators and consumer advocates are pushing to expose the inner workings of family offices, which are closely held and lightly regulated yet manage an estimated $6 trillion for the ultra-rich globally.