Assets of APAC family offices rise, thanks to strong public, private market gains: study

DESPITE challenges arising from the Covid-19 pandemic, wealth levels of the richest families in the Asia-Pacific rose, with 29 per cent reporting a significant increase.

The Asia Pacific Family Office Report 2021 found that 75 per cent of families in the survey saw their wealth rise over the past 12 months, thanks to a confluence of factors - rising asset prices, unprecedented stock market gains, the tech boom, and record dealmaking and valuations in private markets.

Among the region's family offices, 72 per cent saw a rise in assets under management (AUM), and the rise was significant for 26 per cent.