According to a recent global report, family offices are actively funding innovative businesses. As a result, there is a visible boost in the venture capital segment and good returns for the FOs.
As compared to tradition family offices, the modern ones, focus on making the best use of capital by finding deal flow in emerging markets such as Blockchain or Cannabis. Modern family offices focus on transparency and provide access to in-depth information, which was never available for traditional models. It is mostly because the former focuses on wisely using the money within a client’s lifetime, while the latter had the goal of preserving the wealth for future generations.
The world’s rich, reminded of their own mortality, are setting up family offices in greater numbers and plumping for Singapore as a base, according to Monetary Authority of Singapore Deputy Director Spencer Hsu.
Experts say that Singapore’s significance is very likely to grow from being region-specific to global. Today we explore what makes the city-state the next preferable center for family offices and UHNWI.
Socially responsible investing is the need of the hour. This is because it enables investors to put their money in the right places. There are three major factors that socially-responsible investors focus on – Environmental, Social, and Governance (ESG).
The family office industry has been booming in recent years. Since 2008, the sector has recorded a ten-fold growth in the number of family offices. Morgan Stanley, one of the largest financial services organisations in the world, has released a new report detailing the best practices in the single family office space.
Hyderabad-based diagnostics startup DoctorC launches Safe Workplace of the Future, an initiative that aims to make getting back to work efficient and scalable, while ensuring compliance and safety.
Family offices typically advised their clients to increase gold allocation towards the end of 2019. The covid-19-driven market fall has likely resulted in unrealized losses in some of the client portfolios.