Family Matters

Several family offices say they’ve developed the skills to help other rich people invest in hedge funds. Some of the biggest skeptics: other family offices.

When Alan Fischer sold his first company, Commercial Funding, to the Nordic Group of Banks in 1982 for several million dollars, funds of hedge funds were so rare as to be a curiosity. So the Bronx-born Fischer, who was 44 at the time and had built his commercial finance business loan by loan, began investing in hedge funds on his own.

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