Cambridge Associates say family offices need to brace for a long, slow decline in private equity valuations

Of late, there’s been no shortage of banks and consultants continuing to urge family offices to invest in private assets. But recent events at Thames Water suggest the tide has turned. 

Entrepreneurs are, by nature, risk-takers. And few worry more about the risks they are taking than their bankers

As interest in private assets grows, veteran consultant Richard Ennis has beefed up his warning that alternatives have undermined the performance of endowments since the 2008 credit crisis