Late billionaire David Hains’ sons go their separate ways

The fortune of one of the country’s most private billionaire families is being split up following the death of its patriarch, pioneering hedge fund manager David Hains.

One of the late Melbourne businessman’s five children, Paul Hains, has started his own family office, Touchstone Global Investments while his brothers Michael, Richard and Stephen – who were more involved in the running of the family’s prominent private vehicle Portland House Group – have also reorganised their own finances. Their sister Cathy Hains, a thoroughbred breeder, has long run her own stud, Burnewang North.