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.
As Hong Kong's securities regulator softens its stance on leveraged funds, Citi's Stewart Aldcroft dismisses concerns that they are unsuitable for local retail investors.
The CEO of fund house EIP wants commission payments to be banned in Hong Kong, as the industry awaits new disclosure rules. Jessica Cutrera of EXS Capital also calls for more transparency.
Asia's asset owners have taken big strides into passive investing since 2010. Hong Kong's Hospital Authority Provident Fund and Taiwan's Bureau of Labor Funds explain why and how.
Passive products' lack of retrocession fees remains a barrier to their take-up by private banks, but there is demand from independent asset managers.