Purple Asset Management launches OCIO services
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Tay Peck Gek
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Singapore
SEEING "incredible" opportunities for outsourced chief investment officer (OCIO) services in Asia, Purple Asset Management has launched an OCIO service provider to get a slice of the regional market potentially worth US$1.8 trillion.
Purple Asset Management launched The Global CIO Office on Thursday in its bid to capitalise on growing presence of family offices and wealth businesses in Asia amid a backdrop of falling returns for most asset classes.
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