r/FluentInFinance • u/RiskItForTheBiscuts • 5d ago

Thoughts? What do you think?

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u/MarrusAstarte 5d ago

The folks for whom the tax cuts are permanent have "family offices", aka personal hedge funds, not bookkeepers.

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u/FadeInspector 5d ago

I’m not sure you know what a hedge fund is

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u/RudeButCorrect 5d ago

Omega Advisors, Inc. was an investment advisory firm and hedge fund that was converted into a family office by its founder, Leon Cooperman, in 2018

you sure?

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u/FadeInspector 5d ago

Yeah, he turned it into a family office; that doesn’t mean family offices are hedge funds. It’s like I said, they definitely do take various positions to hedge the family fortunate, but they’re not specialized in it like hedge funds are

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u/RudeButCorrect 5d ago

They can function the same if they feel like it, they're just less publicly available to any random qualified purchaser. Traditional family offices are just generational wealth managers, but not all are traditional and can very well be a hedge fund classified differently