The Pitcairn Family Heritage (R) Fund invests primarily in companies controlled by its founding family or a related foundation. The fund was founded in 1989 by Pitcairn Trust, the family office of the descendants of Pittsburgh Plate Glass (PPG) John Pitcairn started. The Fund has provided good long-term returns since its inception, but in recent years it has underperformed its benchmark by a considerable margin.

The Pitcairn Family Heritage (R) Fund invests primarily in companies controlled by its founding family or a related foundation. The fund was founded in 1989 by Pitcairn Trust, the family office of the descendants of Pittsburgh Plate Glass (PPG) John Pitcairn started. The Fund has provided good long-term returns since its inception, but in recent years it has its benchmarks by a wide margin.
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from
Belen Villalonga
Source: Harvard Business School
16 pages.
Publication Date: Oct 19, 2007. Prod #: 208073-PDF-ENG
Pitcairn Family Heritage (R) Fund HBR case solution