TIGER 21 In The Media
Globe and Mail: You do not have to be a millionaire to take this advice
TORONTO ( September 3, 2010) - You may never be a member of an exclusive investment club for the wealthy called TIGER 21, but you can still benefit from its expertise.
The Investment Group for Enhanced Results in the 21st Century has about 140 members in the United States and expects to sign up more than 50 Canadians by next year. Membership requirements include at least $10-million (U.S.) in investable assets and a willingness to pay $30,000 a year in membership fees.
Globe and Mail: Support group for the rich helps them stay that way
TORONTO (August 4, 2010) - Members of TIGER 21 share knowledge in an effort to preserve their wealth
Whoever said “knowledge is power” clearly understood the wealthy.
Most of the high-net-worth individuals I know are smart, savvy people. They became successful in large part because of their thirst for knowledge – their willingness to learn more about the creation and preservation of wealth.
Financial-Planning: Wealthy Have a Long-Term View on Investing
NEW YORK (August 2, 2010) - In a top-ten ranking of favorite ways to invest their money, Tiger 21’s members made traditional equity-related platforms their top choice, with 33% of investors picking that method of investing. In a more detailed breakdown, Tiger 21 found that 26% of respondents liked mutual funds; 23% said they liked to invest directly in individual stocks, and 23% said they preferred managed accounts. Incidentally, Berkshire Hathaway [BRK] was mentioned most frequently as a favorite individual stock.
Calgary Herald: Millionaire Members give TIGER its roar
CALGARY (August 1, 2010) - Minimum stake in investment group is $10 million
Wanted: Canadians to join an investing support group. Must be willing to talk openly about their own finances. Must sign a confidentiality agreement. Only those with at least $10 million in assets to invest need apply.
Dow Jones: Getting Personal in Canada: Learning From Your Peers
TORONTO - (July 22, 2010) - You can’t judge a person until you’ve walked a mile in their shoes. This goes for investing too.
“Often times, wealthy people, especially those who are self-made, can’t just go to family members or an old college buddy and and talk casually about investments,” says Jonathan Kempner,
The Globe and Mail: A self-help group for millionaires
July 21, 2010 - It’s pretty great to be rich, unless you’re trying to get some decent advice about your finances. Professional financial planners are often just happy to see you walk through the door, and aren’t particularly motivated to tell you the ugly truth about why your decision to invest in junior Congolese mining companies may not be the most clever idea in the world.
Reuters: Wealth Manager-Millionaire support group skeptical of advisers
NEW YORK (April 30, 2010) - Financial advisers aiming to recruit members of a self-help group for multimillionaires called TIGER 21 should be afraid, very afraid.
An exclusive club whose members must have at least $10 million in investable assets and pay $30,000 a year, TIGER 21 is a veritable beehive of skepticism about the industry that wants to get its hands on their money.
Fundfire: Multi-Millionaires Question Advisors’ Value
NEW YORK (May 3, 2010) - Members of a club of multi-millionaires think that only 25% of financial advisors are genuinely talented and deliver value to investors, while the remaining 75% are out to line their own pockets.
The New York Times: After Strong Year for Hedge Funds, Investors Return
NEW YORK (April 17, 2010) - WHILE the stock market was surging back last year, so, too, were hedge funds. This recovery may anger the average investor who equates hedge funds with the bad deeds of Wall Street. And the funds’ quick return may surprise sophisticated investors who are still smarting from the money they lost in theirrush to move their portfolios to cash.
Private Asset Management: TIGER 21: Investors Lean to Long-Term Holdings
NEW YORK (February 2, 2010) - High-net-worth investors that have been burned by the recent economic downturn want to lessen their exposure to complex instruments like CDOs, auction rate securities and structured products as they never fully understood these positions and how they played into their overall portfolios...
Private Asset Management: All About the Kids and Peer-To-Peer
NEW YORK (December 14, 2009) - It’s not easy servicing high-net-worth entrepreneurs. They’re independent, headstrong and many are questioning their advisor/client relationships this year. “The tendency now is towards self-direction. Wealthy individuals want to get together with peers so they can get unbiased advice when it comes to their own portfolios,” said Jonathan Kempner, president of Tiger 21. By helping your clients connect with other wealthy individuals in the same boat as them, you can win their loyalty. Sometimes you gotta do whatever’s necessary to keep ‘em happy.
Private Asset Management: Tiger 21 President Plots 2010 Initiatives
NEW YORK (December 11, 2009) - Tiger 21’s newly-appointed president Jonathan Kempner is working to build out the firm’s portfolio defense program as well as launch an asset allocation survey for its members. Kempner told PAM that he is hoping to create an environment where the wealthy can discuss investments without feeling pressured to make them.
OnWallStreet: What Wealthy Clients Want Now
Clients are upset and they’re voting with their feet. But instead of bemoaning your woes, you should view this as a time to prove your worth and snag a few new clients.
Asset allocation isn’t dead, but you have to use it right and you have to communicate more with your clients. Playtime is over so get to work (after you read this article).
Private Asset Management: Tiger 21 Sees HNW Growth
New York (August 14th, 2009) - Tiger 21, a New York-based peer networking group for high-net-worth entrepreneurs, has added 15 new members this year and is hoping to bring on another 20-25 over the next few weeks. Michael Sonnenfeldt, founder, told PAM that many HNW investors are looking for completely objective advice, as many of them have lost trust in their wealth advisors.
Investment News: High-net-worth families look harder at wealth managers
New York (June 21, 2009) - Wealthy families are applying an increasingly rigorous level of scrutiny to their selection process when choosing wealth managers and family offices, industry executives say.
“Families are asking tough questions and doing more due diligence,” said Joel Treisman, group chairman for Tiger 21 LLC, a New York-based peer-to-peer organization for high-net-worth investors.
Financial News: Hedge Funds to Chase the Wealthy
NEW YORK (March 10, 2009) - Hedge fund managers are looking to wealthy investors to replenish their funds despite the anger expressed by high net worth individuals over hedge funds’ poor performance and broken promises.
Wealth Bulletin: Wealthiest US investors ditch hedge funds
NEW YORK (February 9, 2009) - Wealthy US investors are pulling out of hedge funds at an unprecedented rate and will not return for a generation, according to the founder of Tiger 21, the networking group for high net worth and ultra-high net worth investors.
Michael Sonnenfeldt said his members cut their portfolio weightings in hedge funds to 2.8% in 2008, against 11% the year before.
Wealth Bulletin: Tiger 21 investment club members become pussycats
NEW YORK (February 9, 2009) - Wealthy US investors are becoming more cautious. They see few, if any, possibilities of becoming rich in the current environment as they turn all their efforts into wealth preservation, according to investment club Tiger 21 of New York.
Cronista.com: Por la crisis, los ricos reevalúan el riesgo en sus carteras de inversión
BUENOS AIRES (January 13, 2009) - El Tiger 21, un grupo con sede en Nueva York que tiene fines educativos y está integrado por emprendedores multimillonarios, realiza esporádicamente conferencias telefónicas para tratar temas de inversión. Sin embargo, desde el agravamiento de la crisis financiera global, mientras muchos de sus miembros trataban de entender el desastre que vivían, la organización comenzó a programar estas conferencias viernes por medio, inmediatamente después del cierre del mercado.
New York Times: Time for a New Strategy
NEW YORK (May 20, 2009) - Coming off the Sidelines and Ready for an Alternative to Buy-and-Hold Investments
If the last 18 months have taught Americans anything, it’s that market collapses don’t discriminate. Even the most sophisticated and affluent investors lost big chunks of their fortunes. Access to the most exclusive hedge funds did not always limit the damage, as many participants had hoped it would.
On WallStreet: Calls for New Rules After Madoff
NEW YORK (February 1, 2009) - Calls for New Rules After Madoff
There has been increasing support among investment advisors to formalize business practices governing the handling of client assets as a result of Bernard Madoff’s alleged Ponzi scheme. Specifically, some are calling for clientassets to be handled by outside custodians.
Financial Times Wealth: Waking Up to Risk
NEW YORK (Winter 2008) - Wealthy investors are realizing the dangers of using leverage to win higher returns and are losing faith in their advisers.
Over the years, Tiger 21, a New York-based peer education group of self-made multimillionaires, has held sporadic conference calls for members to discuss investment topics.
Barron’s: Get Bonds, Corporate Bonds
NEW YORK (December 22, 2008) - BONDS -- HIGH-QUALITY CORPORATE BONDS -- MAY BE JUST the ticket to superior total returns heading into the new year.
Treasury yields are so puny they’re a joke. Ditto for money markets. And equities remain subject to volcanic eruption until further notice. But a diversified portfolio of single-A-rated and double-A-rated 10-year corporate bonds can garner you a yield of 8% or more.
Xconomy Seattle: Got $10M? Seattle Chapter of Tiger 21 May Be For You (Part 2)
SEATTLE (December 15, 2008) - On Friday, we reported that Tiger 21, a New York-based network and support group for the very wealthy, is setting up a Seattle chapter, headed by the local entrepreneur and investor Andy Sack. (Tiger 21 had planned to announce the news today, but another media outlet jumped the gun on Friday.)
Smart Company: How the super rich are changing investment strategies
AUSTRALIA (December 17, 2008) - A new survey from United States-based wealth organisation Tiger 21 has highlighted a big switch in the investment strategy of rich entrepreneurs, who are dumping alternative investments such as hedge funds for the relative safety of cash and fixed income investments.
Istoe Dinheiro: Confraria de milionários
BRAZIL (December 17, 2008)- Para entrar no Tiger 21 é preciso ter mais de US$ 10 milhões investidos no mercado acionário. Entenda como funciona este clube exclusivo
Baltimore Sun: How Should Phelps Invest All That New Gold
BALTIMORE (August 24, 2008) - Michael Phelps’ challenge didn’t end when he clinched his eighth gold medal. Now he must figure out what to do with the tens of millions of dollars he’s expected to earn through endorsements.
How should he invest it? And how does he avoid becoming another one of those young professional athletes who are suddenly rich beyond their dreams but end up barely scraping by in middle age?
On Wall Street: Bank Tidal Wave
NEW YORK (August 1, 2008) - The collapse of mortgage lender and thrift IndyMac Bancorp in July may not have begun with letters of warning from Sen. Charles Schumer (D-NY), but the financial services industry and the wealth management profession would do well to remember the subsequent events.
Investment News: Tiger 21 and IPI cultivate wealthy - for profit
NEW YORK (July 21, 2008) - Rival networking groups offer cachet and community
How’s this for a business model: invite really, really rich people to join an exclusive club, charge them not inconsiderable fees, and encourage them to share concerns and investment ideas.
South Florida Business Journal: Exclusive investment club calls on Palm Beach for a second time
FLORIDA (July 18, 2008) - If you get a phone call from TIGER 21 with an invitation to join the club, you may want to consider it. The New York-based club for ultra-high-net-worth investors has just formed its second group, or support circle, in the town of Palm Beach. Its name is an acronym: The Investment Group for Exceptional Returns in the 21st century.
While small in number, TIGER 21’s slightly more than 170 members represent a collective net worth of more than $10 billion, according to co-founder Michael Sonnenfeldt.
New York Times: Big Deal
NEW YORK (July 13, 2008) - EVER wonder who is buying the new glass-walled penthouses floating above Manhattan, where the roar of traffic fades, and clouds scud across the New Jersey skyline?
On the 37th and 38th floor of the Ariel East, at Broadway and West 99th Street, Jeff Grady of Charleston, S.C., and his family have created a modernist “I Love New York” getaway, with curtains of silk-screened images of New York City landmarks. A bathroom is wallpapered with covers from Rolling Stone magazine. Chair backs have silk-screened facesof famous people.
San Francisco Business Times: On the Money
SAN FRANCISCO (July 4, 2008) -- The wealthiest among us are banding together as market conditions worsen.
At least that’s the impression one gets from assessing the growth of Tiger 21, a national wealth networking group in which each member has at least $10 million in assets to invest and pays an annual membership fee of $30,000.
CBS Marketwatch: World Straddles a Wall of Worry
April 8, 2008- 'Humpty Dumpty' economy about to take a fall, but cracks can be fixed -- The International Monetary Fund released its semiannual Global Financial Stability Report on Tuesday, and it shows that the world economy is anything but stable.
VIDEO: CNBC’s High Net Worth
March 7, 2008 - TIGER 21 Founder, Michael Sonnenfeldt and other TIGER 21 Members discuss strategies for maintaining the advantage in the current turbulent market conditions. You can find more footage of the interview here.
New York Magazine: Rich Kid Syndrome
January 14, 2008- America's burgeoning money cuture is producing a record number of heirs -- but handing down values is harder than handing down wealth.
The Sunday London Times: High Anxiety
December 2, 2007- Leaving the fruits of your success to the children is going right out of fashion. Tony Allen-Minds finds that super-rich Tigers prefer to ease their consciences
Business Week: A Capital Crowd
April 24, 2006 - A kind of high-end investment club, TIGER 21 gives its multimillionaire members a chance to share deals. financial advice, and a few life lessons....
Dallas Morning News: Newly super rich? You could join TIGER 21
May 23, 2007 - Michael Sonnenfeldt is looking for self-made Dallas multimillionaires who need directions on life's next stretch of freeway. The 51-year-old former real estate tycoon founded Tiger 21, a New York investor group, eight years ago to help the new ultra-wealthy manage their personal fortunes.
InvestmentNews: TIGER 21 stalks alternative investments
March 26 2007 - Members of a high-net-worth investor group are moving away from public equity. TIGER 21, a 118-member peer-based investment group that requires each member to have more than $10 million in investible assets, slashed its average exposure to public equities to 29.7% last year...
Reuters: TIGER 21 Charts Course for the Rich
August 13, 2006 - What price is collective wisdom? At TIGER 21, an exclusive club for high-net worth individuals, it's $25,000 a year. But the value is priceless to members who want to tap into the wisdom of past Wall Street executives, retired entrepreneurs and other deep-pocketed individuals....
Wealth Manager: Peer-to-peer groups for the ultra wealthy raise the bar for wealth managers
July 1, 2007 - Wary of Wall Street and the hard sell, some ultra- wealthy private investors are seeking another path by connecting with one another to manage money and share knowledge and advice in a forum where they are confident no one has an agenda. As members of elite clubs like Tiger 21, the Institute for Private Investors, the Family Office Exchange, CCC Alliance and others, they aim to be masters over their own wealth and fortunes, beholden to no one. Here they enjoy the cam a raderie of like-minded persons of wealth, exchange ideas on investing and wealth management, and sometimes invest on their own...
Forbes.com: Stephen A. Schwarzman Talks to TIGER 21
March 2, 2006 - Blackstone Group Chief Executive Steven Schwarzman prefers the path less taken, according to comments he made to an exclusive group of rich investors who gather monthly in New York to trade investment ideas amongst themselves.
Better Investing: Group Takes Investing by the Tail
June 1, 2007 - TIGER 21 Members Share Education, Not Assets. The investors who make up TIGER 21 have no secrets, at least not from one another. Every month they meet to discuss money, world events and their health and relationships with their children, among many other topics.
Worth: After The Windfall
September 2004 - Transitioning from the role of entrepreneur to that of financial steward can be head-spinning during the first year. But sound planning and expert advise help ease the challenges of newly created wealth....
TIGER 21 members schooled in REITs by Martin Cohen
June 27, 2007 - Expounding on the risks and rewards of investing in real estate securities, Martin Cohen, Co-CEO and Cochairman of Cohen & Steers, a manager of high-income equity portfolios specializing in U.S. REITS and international real estate securities, had a captive audience at a recent all-member presentation of TIGER 21, the nation's premier peer-to-peer learning....