Prince of Liechtenstein Foundation

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The Prince of Liechtenstein Foundation is a portfolio of private companies owned by the Princely Family of Liechtenstein. It is essentially a cap for a multitude of investments, such as the Liechtenstein Global Trust (LGT), the Hofkellerei wineries, Rice Tec Inc,[1] and real estate holdings in Vienna, Austria. The Foundation is the beneficiary of the LGT Group Foundation, which is currently chaired by Prince Philipp Erasmus.[2] It is what is known as a hedge fund investor.[3]

The Foundation is a Vaduz-based establishment since 1970, created to manage assets of the Princely Portfolio. Hans-Adam II, Prince of Liechtenstein was head of the Foundation from 1970 through 1984.[4] He is still the main beneficiary of the Foundation at the present time.[2] The chairman of Pearson PLC, Glen Moreno, is on the Board of Trustees at the Foundation and also LGT.[5] Professor Dr. Cuno Pümpkin, the Chairman of the Board of Directors at Invision Private Equity AG, is a former member of the Board of the Foundation/LGT Group.[6]

[edit] Footnotes

  1. ^ Princely House of Liechtenstein (companies)
  2. ^ a b LGT report, 2004, Page 30
  3. ^ Holt, Andrew (27 October 2003) "Making Royal Progress", European Pensions & Investment News (EPN), Issue 211.
  4. ^ Encyclopedia Britannica
  5. ^ Pearson (Board of Directors, Annual Report, 2005)
  6. ^ Invision Board of Directors
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