Mon, Apr 21, 2014
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

Banner
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. …And Finally – Flight attendant has passengers rolling in aisle[more]

    From Orange.co.uk: A video of a US flight attendant turning her safety talk into a comedy routine is proving a huge hit online. More than five million people have watched the clip of Marty Cobb which has her passengers rolling with laughter on a Southwest Airlines flight to Salt Lake City.

  2. Opalesque Exclusive: Classic Auto Funds Limited (CAF) launches several car investing funds[more]

    Bailey McCann, Opalesque New York: A new trend in alternative alternatives is emerging - car appreciation funds. Classic Auto Funds Limited (CAF) is the first to market with several funds that make super elite luxury cars into real asset investments. As a result of growing overseas demand couple

  3. Opalesque Exclusive: Hedge fund replicators evolve[more]

    Bailey McCann, Opalesque New York: Hedge fund replicators as a group of products tend to get a bad rap from hedge fund managers who suggest that the best a replicator can offer is dynamic beta capture. A

  4. SEC allows investment funds to use social media[more]

    Bailey McCann, Opalesque New York: The Securities and Exchange Commission (SEC) has released new guidance letting investment funds and advisors use social media to promote client reviews. The guidance seeks to assist investment managers in developing compliance policies and procedures reasonably

  5. University of Michigan allocates $242m to six managers[more]

    From PIonline.com: University of Michigan, Ann Arbor, invested or committed a total of $242 million to one traditional equity manager and five alternative investment funds from its $9 billion endowment. University regents approved the hire of Mittleman Investment Management to run $35 million in act