Asia-Pac family offices put up weaker showing: survey

Singapore

FOR the first time in three years, some Asia-Pacific family offices have underperformed their investment benchmark, the first global study by UBS and Campden Research showed on Wednesday.

This comes as family offices in the region, including those in Singapore, allocate more money to emerging economies than developed markets, compared to their global peers. Family offices refer to wealth management advisory outfits that serve the financial and investment needs of rich families.