Family Offices See Market Recovery Within 12 Months: Survey

Overall, 67% of the participants said they expected the heaviest losses in financial markets, followed by 13% who expected the heaviest losses in venture capital.

The survey found that only 20% of surveyed family offices had changed their investment style because of the crisis, and 27% were considering changes to their investment strategy. The remaining 53% were remaining calm and adhering to their investment style.

At present, a majority of the family offices said they were performing risk adjustments and preparing re-allocations.

Most said they were already exploring investment opportunities, such as distressed equity or bonds. Many were targeting tech stocks — including Apple, Facebook, Google and Netflix — and food companies. Others were preparing private equity purchases.

Like just about every other business and nonprofit leader, 80% of family office executives said their daily operations had been disrupted by the COVID-19 outbreak.

The participating family offices reported that they had changed to working from home in order to fight the coronavirus spread, with 47% of their teams completely working from home and 53% working partly from the firm's office.

Executives said hygienic standards at their family offices had increased, governmental guidelines were being strictly followed and additional internal company policies were being created.