Singapore’s Purple Asset Management aims to grow to $1bn in AUM by 2021, but it’s never easy for a newcomer and competition is strong.
Tag: Family Offices
Report: Asia’s FOs shaped by next generation
Regulations are also pushing family offices to adopt global best practices and hire professional management.
UBS report: Apac family offices post best returns
They are also embracing sustainable investing and putting succession plans in place, according to UBS’s latest Global Family Office Report.
Bold expansion plans for HK family office
Raffles Family Office expects to grow AUM to $10bn and double headcount to 100 in the next two years.
APAC family office returns strongest among peers
Family offices in Asia-Pacific recorded the highest average return globally in 2017 at 16.4%, followed by North America (15.9%), according to UBS and Campden Wealth’s global family office report.
PE exposure rises slow and steady
Family offices and HNWIs are increasingly investing in private equity, according to Preqin.
Hong Kong firms seek alts growth through merger
Carret Private Investments intends to merge its Hong Kong private wealth management business with QL Asset management in hope of expanding the asset base in alternatives.
Waterfield expands as Indians warm to family offices
Mumbai-based multi-family office Waterfield Advisors appointed its first head of investment solutions last month amid growing demand from wealthy Indian clients.
BNY Discretionary push
BNY Mellon Wealth Management launched its discretionary wealth management business in Asia last October and found the key challenge was getting noticed among the crowd of competitors, said Charles Long, head of Greater China.