As Covid-19 selloff in March led to losses in equity portfolios, spooked investors started pulling out of debt mutual funds, causing a liquidity crunch for some short-term schemes and plans that invest in higher-yield but lower-rated paper.
BANK of Singapore (BOS), the private banking arm of lender Oversea-Chinese Banking Corporation, plans to grab a bigger share of the fast-growing family office business by expanding its investment products and targeting clients outside the region, its chief executive officer said.
A round-up of people moves and M&A deals across North America
Service providers to some of Asia’s wealthiest families say they are fielding a rising number of calls about shifting away from Hong Kong, with some already moving money to Singapore-based banks.
A network of more than 400 family offices and a venture backed by hedge fund billionaire Paul Tudor Jones are partnering to help simplify deal-making for the ultra-wealthy.
Family offices have been bullish on the Indian startup ecosystem for quite some time and they feel the COVID-19 crisis will allow them to put patient capital into companies with strong business models.
Nonprofit Ogen social bank seeks to fill gap with philanthropy-backed loans, but much more is needed to battle financial squeeze caused by pandemic
Global investment company Cambridge Associates (CA) announced today the opening of an office in Munich , Germany, to support its European client base.
As with any new industry, there is much risk and trepidation with respect to whether (i) the concept will work, (ii) the concept will be profitable, (iii) the concept will be scalable and (iv) the concept will attract investment support. Oh, and in the case of litigation finance, (v) whether the concept is in fact legal.
Picture this, the average HNW Client has five different Wealth Management Providers. (EY 2019) Each provider gives the client isolated advice based on the portion of wealth in their control.
What does this mean? With no overlap, that client will never get to see a composite view of how all their wealth is performing and never get to plan or implement long term financial objectives.
