LIEFO – Breakfast Serie

Behavioural Biaises & Family Offices

Presented by Bernard Herman

2nd session

During our last two breakfast sessions, we explored how behavioural biases can shape decision-making within Single Family Offices, particularly in the context of wealth allocation across investment opportunities.

In this session, we will briefly revisit the allocation decisions SFOs face between risky and non-risky financial assets before introducing the behavioural and agency biases that inevitably arise when investing in risky assets and delegating portfolio management to external experts.

Through well-known investment cases and group discussions, we will examine some of the most common biases associated with investment decisions, as well as the challenges stemming from the principal–agent relationship between SFOs and portfolio managers. We will also discuss key principles supporting effective oversight of discretionary investment mandates.

Key takeaways will include:

• understanding the dynamics of allocating wealth between risky and non-risky assets;

• identifying biases linked to delegated portfolio management;

• recognizing the influence of external experts and financial media;

• strengthening oversight of third-party investment mandates.

This event is exclusively for LIEFO members / Cet évènement est exclusivement réservé aux membres LIEFO