The way family offices contribute to society has evolved from philanthropy to impact investing - or in many cases, a blend of both.
Nearly 50% of institutional investors and family offices in Asia Pacific intend to increase the number of external managers for their thematic investments in equities over the next 12 months.
Chinese government intervention and regulations are causing major headaches for domestic and foreign investors alike – especially those with large exposure to Chinese property.
When it comes to family offices, the generations don't always see eye to eye. For the younger generation, ESG concerns and tech plays are beginning to predominate.
The fear of missing out often leads investors to create a reactive portfolio made up of random opportunities, especially in venture capital, says one Indian family adviser.
Wealth experts believe the rollout of Wealth Connect could help to entice wealthy individuals and then family offices to establish operations in the city, especially if initial quotas are raised.