Dogged by high costs and low returns, multi-family offices may seek mergers or partnerships. But innovation may also offer a way out of their troubles.
While multi-family offices have much scope to grow, they also face cost pressures and rising expectations from the ultra-wealthy individuals they serve.
The Singapore family office is planning a multi-asset discretionary strategy, having hired an equity manager as part of its recent expansion. AsianInvestor heard from CEO Jason Lai.
Singapore-based Thirdrock is launching an FX-focused hedge strategy, buying into a corporate finance boutique and a hedge fund seeding platform, and eyeing a Hong Kong presence.