Sun, Aug 2, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Asia to see boom in family offices

Wednesday, February 22, 2012

From Komfie Manalo, Opalesque Asia – The rising number in Asian rich will help push a boom in the number of family offices in the region, a new study by UBS and Campden has revealed.

Family offices are private companies that manage investment and trust for high-net worth families with over $100m in investible assets.

"The rapid growth of the number of ultra high net worth individuals in Asia, coupled with the upcoming inter-generational transition of assets and control in the region, point to a boom in the numbers of new family offices over the next few years," Today Online quoted the report as saying.

Currently, there are an estimated at least 100 family offices operating in Asia, which is relatively small compared to the U.S. and Europe, where the majority of the estimated 2,500 family offices globally are based.

Amy Lo, managing director and head of ultra high net worth (Asia Pacific) at UBS, commented on the report, "One of the key challenges for the family office is obviously family succession planning and legacy building."

Add to that to the expected boom in Asian family offices are the current trend amongst European family offices to relocate to Asia, particularly in Singapore. According to Channel News Asia, the joint research poi......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Despite bumpy June/July, CTAs hold on[more]

    Bailey McCann, Opalesque New York: To say that things have been rocky in managed futures recently is putting it mildly. In June, the industry saw its worst month on a performance basis in the past four years. Then yesterday,

  2. Investing - Hedge fund billionaires bet on London as revival gathers pace[more]

    From Bloomberg.com: London’s fund industry is bouncing back, and U.S. billionaires Steven A. Cohen and Ken Griffin are grabbing a piece of the action. Griffin’s Citadel and Millennium Management, a hedge fund run by Israel Englander, have bulked up in London, where asset growth is outpacing the U.S.

  3. Other Voices: Same day reporting and the evolving role of fund administrators[more]

    By: Scott Price, Head of Business Development and Client Management for North America, Maitland Ernst & Young’s latest glob

  4. Cowen Group, Inc. to acquire Conifer Securities[more]

    Cowen Group, Inc. and Conifer Securities, LLC had announced the signing of a definitive agreement under which Cowen will acquire Conifer Securities, the prime services division of Conifer Financial Services LLC. The transaction, the terms of which have not yet been disclosed, was approved by the boa

  5. Cargill’s Black River Asset to shut down four hedge funds[more]

    Komfie Manalo, Opalesque Asia: Cargill Inc.’s $7.4 billion Black River Asset Management said it was closing four hedge funds with a combined $ 1 billion in assets and start returning investors money over the next several months, various media said. The hedge funds represent 15% of Black River’

 

banner