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.
Investors must be properly educated on leveraged and inverse exchange-traded funds and what they should be used for or they risk big losses, warn wealth industry executives.
Technology and service improvements are key if private banks are to strengthen their coverage of independent asset managers, said panelists at an AsianInvestor forum.
Studies have shown returns for some low-volatility ETFs have not delivered against similar funds. Jessica Cutrera has urged investors to do their homework on smart-beta products.