Wigmore Association, a global collaboration of chief investment officers from seven leading family offices representing North and South America, Europe, and Australia, meeting recently in Montana, announced that it will expand its cooperative member services by sharing global investment research and intelligence insights.
Rick Pitcairn, CIO of the family office Pitcairn and chairman Wigmore, said: "This step allows each member firm to shape specific market strategies on a discerning and timely basis around the world. As always, we will continue to manage our respective client portfolios on a standalone basis. Yet we are confident that our combined due-diligence skills will create competitive advantages that enable us to realize greater beneficial results for each of our participating members."
Pitcairn added that Wigmore’s recent discussions in Montana pointed to greater emphasis on direct investment strategies in a handful of emerging markets over the course of the next year.
Wigmore’s next meeting will be held in Singapore in September 2014.
Pitcairn added: "This choice is by no means accidental. Singapore enjoys an undeniable leadership role in the Asian capital markets, and continues to expand its global presence as well."