True North is honored to be recognized for the 7th consecutive year among D Magazine’s Top Wealth Management Firms in its latest November 2021 issue. With offices in both Dallas and Fort Worth, we have proudly been serving families, business owners, and institutions for over 21 years. We are grateful to our clients for continuing to choose us as their trusted advisor.
While the investment stories of names like Dogecoin, AMC and GME may or may not be familiar to the average client of True North, everyone under 35 can name friends and peers who have been participating in the ups and downs of these and other financial assets in 2021. Financial custodians are devoting hundreds of people to the task of determining how digital assets trading, custody, and services will fit into their platform seamlessly with the existing menu of stocks, bonds, and alternative investments.
San Francisco’s emergence as the most important city on the West Coast in the 19th century was simply attributable to fortunate geography. The San Francisco Bay Area’s evolution into the most important region in the world for technology innovation and investments in the late 20th century owes to a more complicated confluence of events. Post-World War II, the Bay Area retained many of the service men and women who came through during the war. Moffett Field, located on the southern edge of the San Francisco Bay between San Jose and Palo Alto, became a hub for military technology. Companies such as Lockheed grew to employ thousands in the area. Nearby Stanford University and its vast research capabilities fed the growing appetite for high-tech innovation.
True North Advisors, a $2bn Dallas-based multi-family office, is seeking new real estate managers specializing in multifamily and opportunistic strategies, according to Dhruv Maniktala, vice president of global investment strategy.
The firm’s real estate allocations have varied over the past two decades, trending higher after the GFC-induced housing market bubble but falling back in recent years. Indeed, the firm had a 20% allocation to the sector from 2010 to 2015 but brought that down as the market dynamics changed.
Dallas-based multi-family office True North Advisors is bullish on event-driven strategies as it looks to outmanoeuvre crowded trades, according to Dhruv Maniktala, vice-president of global investment strategy.
Maniktala told HFM that the $2bn firm plans to top up its event-driven manager roster as it searches for niche opportunities following the recent restructure of its house portfolio.
“We like event-driven strategies, but the success of the manager has to be market-independent. We have recently made investments to the strategy,” he explained.
It is an election year in America in the 21st century. Given that Donald Trump is the incumbent, one might have predicted that things would get interesting. What would not have been predicted is that the election has nothing to do with why 2020 has already been one for the history books. Like virtually everything else in the lives of most Americans, politics took a temporary back seat as we grappled with the fallout from the coronavirus that causes COVID-19. When it comes to the virus news, if March was ‘bad’ and April was ‘worse,’ by July there are no accurate descriptors left, so we’re left with something akin to ‘weird.’ Parents of school-aged children, for example, may or may not be sending their kids to school this Fall, depending on where they live.