Global family businesses open US outposts
With riches from Europe, Asia and South America, they're making direct investments coast-to-coast
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AS the United States powers the global economic expansion in its fifth year, the world's rich are counting on American companies to help increase their fortunes.
At least a dozen family offices, with fortunes made in Europe, Asia and South America, have opened US outposts in the past two years or are making direct investments in corporations from Silicon Valley to the East Coast. Their view is that the Federal Reserve's aggressive monetary easing, a shale oil boom that's lowered energy costs, and improving corporate balance sheets give the world's largest economy an edge over other regions.
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