Special purpose acquisition companies (Spacs) have gained ground as financing vehicles for companies looking to go public. But Asian family offices have yet to make many investments.
The US asset manager has hired a Greater China head of intermediaries and is seeking the same for Southeast Asia. It has also added an institutional specialist to its team in Taiwan.
The city is vying with Singapore to become the family office hub in the region, but experts believe it will take time to amend important tax incentives to support this aspiration.
Rocketing tech valuations are putting pressure on private equity funds, so investors should consider more unpopular sectors such as financials, says Helen Zhu of Nan Fung Trinity.
Asia's family offices believe market volatility will dominate the coming few months, amid a fractious US presidential transition and resurging Covid-19 cases across the world.
Wealthy families are setting up secondary offices in Singapore to diversify their exposure to risks, particularly in Hong Kong, and to avoid areas being badly affected by the pandemic.