Koch brothers start family office to invest fortune

摘要

A young Hotze "Harry" Koch set out for America to find his fortune in 1888, a figure that is taking on new meaning for Koch's billionaire grandsons Charles and David, whose money and influence have shaped the U.S. conservative movement. The Kochs are developing an operation called 1888 Management LLC as a personal wealth management system, a branch that was previously tucked into Koch Industries Inc. The Koch family office is composed of seven members, including Koch Industries executives and family members. Family offices often use a mix of family and nonfamily members as a way to decide on investments and settle disputes more effectively.