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Rainford M. Knight From Kirsten Bischoff, Opalesque New York:

Family offices have long been great supporters of the hedge fund industry. A 2010 survey by Rothstein Kass determined that 70% of polled hedge funds (large and small) expected to raise new assets from family office investors during the year of asset recovery. The family office space itself is also undergoing what may be significant changes.

Asia sees growth in family offices In Asia, the family office space is seeing unexpected growth and will quickly become an important target for hedge fund asset-raising in the coming months. Asia family office growth has been significant enough that in late 2010, Credit Suisse established a family office hub in Singapore in order to advise this group of investors.

“The concept of the family office in Asia is growing right now. It used to be that the focus in money management was private banking, however because the growth rate of the wealth in those countries the concept of family offices is catching on and growing,” Rainford Knight, Ph.D, Co-founder of the Florida Institute of Finance told Opalesque.

This family office growth in Asia is so strong that when The Family Office Institute (FOI), announces this week that it has established a Chartered Family Office Specialist (CFOS) designation that credentials fa......................

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