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Family offices are a booming business, but present challenges

There is a patchiness in the standards under which they are run, and the demand for talent far outstrips supply

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Published Mon, May 3, 2021 · 09:50 PM

    Singapore

    FAMILY offices are a big business - though they are not without their challenges.

    One concern, said Morten Bennedsen, professor of economics at the business school INSEAD, is that the quality of some family offices may not be high. This patchiness in standards could hurt the reputation of the sector.

    Family officesWealth managementVCCasset management

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