From Komfie Manalo, Opalesque Asia:
The Opalesque 2013 Hong Kong Roundtable, sponsored by Bingham McCutchen, Eurex and Taussig Capital saw Eric Wong of multi-family office TCG Capital reporting that Asian family offices tend to start small then slowly build up their expertise in a domain and follow their own investment rules that are based on their business experience.
The 2013 Opalesque Hong Kong Roundtable took place April 29th at the office of law firm Bingham.
He told hedge fund managers who attended the Roundtable, "It's very important to note that the term 'family office’ has a somewhat different meaning than in the West. A European or U.S. family office usually has been in existence for multiple generations and has multiple family members and families in the case of multi-family offices and has delegated much of the work to hired professionals. In Asia, the typical family office is in its first or second generation and is still guided by the first or second generation patriarch and often involves the family members especially the younger generation. Often once a certain wealth threshold is crossed everybody is a family office. It does sound better than hig......................
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