Tue, Sep 2, 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

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. Study shows what resonates with investors: 'Unwavering', 'passionate' beats 'committed', 'dedicated' and more surprises[more]

    Komfie Manalo, Opalesque Asia: A new study by Pershing Square, a unit of BNY Mellon company, showed that an effective value proposition strengthens audience connections and fosters growth, yet many advisors have had little objective guidance in formulating such statements until now. In the

  2. Comment – Why you should avoid the hottest hedge fund hands, Swedroe attacks Hussman over risk management, relative value strategy[more]

    Why you should avoid the hottest hedge fund hands FromCNBC/Yahoo.com: Investors who don't have money with Pershing Square Capital Management are likely salivating at the hedge fund's industry-leading 26 percent return from January through July. But investing with Bill Ackman and other to

  3. AIMA makes 'the case for hedge funds'[more]

    Bailey McCann, Opalesque New York: The Alternative Investment Management Association (AIMA), the global hedge fund industry body,

  4. Managed futures' global diversification is important in next phase of economic recovery[more]

    Komfie Manalo, Opalesque Asia: The global diversification provided by managed futures may prove to be extremely valuable as the markets enter the next phase of the economic recovery, said Campbell & Company, a pioneer in absolute return invest

  5. Ex-UBS prop trader's hedge fund Manikay Partners eyes UK launch[more]

    From eFinancialnews.com: Manikay Partners, a $1.7 billion US multi-strategy hedge fund set up in 2008 by a proprietary trader from UBS with backing from Goldman Sachs, is planning to open in the UK. New York-based Manikay's move into Europe comes after Financial News revealed on Monday that Aurelius