From July 28 to 30, Monaco hosted the 11th Global Family Office Investment Summit, which was attended by over 600 private investment offices and the richest people in the world with wealth over $4.5 trillion.
The Ritossa’s Family Office Summit was aimed at discussing alternative investments and the impact of family office investments on human wellbeing. With stocks and bonds becoming more unpredictable, there is a risk in making forecasts based on outdated models and, consequently, alternative assets have become an important point of discussion in times of unpredictable volatile market behavior, financiers need a safe haven to preserve and increase their wealth.
“I believe that, fundamentally, we all want to be the best version of ourselves, within our families, our relationships with others and, ultimately, our wealth, says Anthony Ritossa. “There is a revolution unfolding on the balance sheets of the world's corporations that holds a lesson for families with wealth—The Explosion of Intangible Assets—and our summits act as an informative platform to our attending families.”
Mykola Udianskyi, the head of the Bitcoin Ultimatum project, also addressed the theme of intangible assets. Additionally, the head of the blockchain development company Prof-it Blockchain presented BTCU, an improved version of Bitcoin, which solves the problem with the scalability and energy consumption of classic bitcoin, and also allows launching smart contracts and supports DAPPs.
The conference also touched on a range of including sustainable investments, blockchain technologies, artificial intelligence, fintech, charity and women’s rights in Arab countries.
The history of the Italian Ritossa family has been going on for 600 years and is closely intertwined with success in financial affairs and investment. Before becoming a full-fledged representative of the family office, Ritossa had a career on Wall Street and managed to prove himself in managerial positions in the largest investment funds.