Horizons Ventures to open family office in Singapore; AustralianSuper expands private equity investments over the next two years; CDPQ real estate arm Ivanhoe Cambridge to invest $1 billion in green digital infrastructure project in India with Bain Capital and Lodha Group; and more.
Experts say the new rules will raise the bar for performance and professionalism in Singapore’s family office industry and attract interest from China, Hong Kong, India, and Indonesia.
For a China looking to internationalise its currency, the Russian banking crisis could make it a force to reckon with; Family offices remain drawn to the city’s tax incentives, political and currency stability, clear regulatory framework and good schools for their children; Indonesia’s new wealth fund is talking to more than 100 investors; AIA set to boost exposure to Asian infrastructure 'as much as possible'; and more.
Superannuation fund Cbus and Singapore property firm City Developments Limited (CDL) discuss how to ensure minimum sustainability standards for real estate.
Stable governments and the absence of public violence and unrest are paramount for family office investors seeking to grow and protect their wealth.
As Hong Kong continues to struggle with the pandemic, Singapore looks destined to become the region’s family office hub.
Family offices remain drawn to the city’s tax incentives, political and currency stability, clear regulatory framework and good schools for their children.
The green bonds to be issued by the Singapore government by 2030 can meet pent-up demand of impact investors and boost regional green financing.
GIC will buy a portfolio of 15 hotels and 16 leisure properties from Japan’s Seibu Holdings for $1.3 billion; KIC invests $1.9 million in Coinbase shares; BlackRock CCB Wealth Management has received approval to launch pension wealth management products in Guangzhou and Chengdu; Temasek downsizes holdings in Alibaba while adding new positions in Pinduoduo and JD.com; Former Goldman Sachs banker Roger Ng to stand trial for role in 1MDB scandal; and more.
Despite strong GDP growth, Singapore’s equities lag developed market benchmarks, and valuations remain high, but experts expect more normalisation of the economy across Asean markets in 2022.
The two markets grew by the high double-digits last year and expect further growth in the years to come.
Family disputes, Covid, low yields and high private market returns are driving a mindset change among family offices in Asia Pacific.