After guiding a wide variety of financial institutions it’s interesting to see how many times hedge funds – and the geniuses behind them – end up stepping back at some point and focusing on their personal lives and what really matters most to them after they made it.
If you’ve spent your life creating a hedge fund with billions of dollars under management at the expense of not attending family functions, spending time with your kids, old school friends, etc. it’s worth it (potentially) but there’s also a tipping point where you can transition into something more.
That = using everything you worked for and funds available to maybe step away from the craziness of the financial world and instead focus on investing in things you can understand/control with the returns going directly back to you. The magic of a family office.
Answering the core question in the title, hedge funds and those that founded/operate them usually springboard into creating their own family offices at some point. So yes, hedge funds can be a family office and usually equate to that.