AsianInvestor launches its new weekly column titled 'This week in asset owner history', which looks back at past events and how they have unfolded today.
Asset owners, private and retail investors are still reeling from the volatile domino effects of the deeply interconnected crypto industry which saw $1.3 trillion of its total market cap wiped out this year.
Anil Wadhwani has joined Prudential as group CEO from Manulife Asia; GIC’s private equity investment looks beyond definitive ESG; Family offices show strong interest in alternative investments; Southeast Asia: the next hotbed for digital infrastructure investing; New private pension scheme could open up Chinese assets to foreign insurers; and more.
Driven by market volatility and the search for higher yields, family offices are raising allocation to alternative assets.
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.
Although fictional, the key themes depicted in HBO’s Succession can lead to very real problems for thriving family office investors who fail to adopt robust contingency structures.
The year 2021 was a big one for cryptocurrency, filled with new milestones and historical developments, but major asset owners are still keeping the emerging asset class at arm’s length.
Proximity to China and strong government support maintains Hong Kong’s status as Asia’s financial center, particularly for family offices.
Family offices in Hong Kong want to do more impact investing, but the paucity of ESG talent and the lack of uniform reporting standards are real issues for them.
With flexible mandates and long-term horizons, family offices are increasingly looking for exposure to digital assets, but the sector is still clouded by volatility.
Asia Pacific's family offices are a nimble bunch and never more so than when it comes to ESG where they're already proving to be ahead of the regulators.
SGX’s new framework for Spacs will likely provide investors with a much-needed channel for direct deals, but the verdict is still out on whether it will bring liquidity to the bourse.