Raffles Family Office expects to grow AUM to $10bn and double headcount to 100 in the next two years.

Raffles Family Office expects to grow AUM to $10bn and double headcount to 100 in the next two years.
Affin Hwang AM has launched three China-focused products in Malaysia this month and it has plans to develop leveraged and inverse products.
The opening of China’s investment industry has resulted in a 21% year-on-year increase in mainland Chinese exam-takers.
QDII funds, which mainland firms use to invest onshore capital outside of China, still account for less than 1% of China’s RMB 11trn mutual fund market, according to data from Morningstar Direct.
In total, the firm manages 12 China-focused mutual funds.
Mainland pension fund developments and Shanghai’s role as the third regional asset management hub should drive a doubling of AUM in the region by 2025, says PWC.
China’s annual GDP growth was the lowest in 28 years, and First State’s Martin Lau sees it as a risk to asset prices.
Only a handful of foreign managers have launched multiple products in China’s private fund market.
The firm said in an internal memo last week that it will be laying off 500 employees globally, accounting for 3% of its total workforce.
Hong Kong-based robo advisory Magnum Research has partnered with a number of distributors and institutions in the region.
Part of the Mark Allen Group.