Asia’s wealthiest investors are moving much more of their money into direct investment opportunities and away from capital markets as they see greater opportunities in other businesses and real estate rather than equity and bond markets.
This is among the main findings of the second annual UBS/Campden research report on Asia-Pacific Family Officers. The report, entitled Coming of Age: Asia-Pacific’s Family Offices Find Their Footing, details the size, features and concerns of family offices throughout Asia-Pacific.
“Asia’s wealthiest families are becoming more optimistic about investment returns, but that doesn’t mean they are piling into equities and hedge funds. On the contrary they are cutting their investment allocations to these asset classes and like their counterparts in Europe investing more in direct investment opportunities like other businesses and property,” said David Bain, Head of Research at Campden Wealth.
More than 35 family offices from across Asia-Pacific participated in the research by means of an extensive questionnaire and/or an interview. Participants varied from long-established operations servicing at least four generations of the same family across multiple jurisdictions – and with an extensive range of investment, advisory and personal services – to newer establishments, currently developing their services to second-generation family members, or non-related families. The level of wealth managed by participating offices also varied enormously, from under $100 million to well over $1 billion.
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David Bain is editorial director of Campden Wealth. He joined Campden in July 2010 from Dow Jones, where he worked on Wealth-Bulletin and Financial News, as well as contributing to the Wall Street Journal. He has had 20 years' experience as a journalist and economist working at various organisations, including Schroders and the Economist Intelligence Unit, part of the Economist. He holds an economics degree from London School of Economics.
Prior to joining Campden, Andrei Postelnicu worked as an independent consultant, advising senior executives and policymakers - also working as a senior advisor in a presidential campaign. His 12 year career also includes stints at Bloomberg News and the Financial Times, where he worked as a journalist covering capital markets, regulation and asset management. Andrei holds a master’s degree from the Fletcher School of Law & Diplomacy and is fluent in English, French and Romanian.
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