SINGAPORE (Bloomberg): The CEOs of Asia’s family offices are the best in the world at investing the wealth of their super-rich clients, but don’t reap the riches themselves, according to the latest annual UBS Global Family Office Report.
Family offices are tight-lipped organizations founded by the 1%, and tasked with preserving and investing vast pools of multigenerational wealth. In Asia, the average family office surveyed managed US$600mil and returned 6.2% in the year through March 31, according to the report.
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