As Xavier Niel’s family office bails out GAM, more question the future of active asset management

Where once you might have expected private equity to clinch the deal, Florida’s Reinhart family has purchased Ranch Road Cargo, a manufacturer of mobile storage systems.

Bolt Ventures, the US family office owned by David Blitzer, is continuing to raise its profile in sports investment, as new investors flood into the sector. So far this year, Bolt has backed eight deals.

Family offices are requesting seats on the board at asset manager GAM Holding to stop a proposed $93 million takeover bid by London-based rival Liontrust.