The Mumbai-based multi-family office is eyeing a branch in Bangalore to add to its existing three and plans to build a platform linking European and Indian FOs.
This is despite them spending a bigger share of their assets on investment activities than their peers elsewhere, according to research by Campden Wealth and UBS.
A growing number of European families are putting offices in Asia with a view to diversifying their asset base and investment exposure. Fund firms and other service providers are taking note.
Rich Asian families are said to be increasingly taking direct private stakes in small- and medium-sized European companies.
As Mumbai-based Waterfield Advisors builds a multi-family office with the backing of tech tycoons the Patni brothers, others are said to be making similar moves in India.
Hong Kong should replace its unit trust fund-raising structure with an open-ended fund company structure if it wants to attract Chinese hedge funds to domicile in the city, says the CFA's Paul Smith.
The single-family office model is more likely to be successful in the region, says Grégoire Imfeld of Pictet & Cie. But there is evidence of multi-family offices thriving.
Six large hedge fund managers are set to raise money from China investors, with the number of firms tipped to expand down the line.