Jan
03
Asia’s Richest Families Are Abandoning ‘Complacent’ Hedge Funds
By-
Familiy offices instead opt for private equity investments
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Asian funds set for biggest outflows in 4 years: Eurekahedge
For Michael Preiss, whose firm oversees $1.9 billion mainly for wealthy Asian families, adding hedge funds to his clients’ portfolios was an easy sell some years ago. Not anymore.
The executive director at the Singapore-based Taurus Wealth Advisors Pte multi-family office said his clients are disappointed with mediocre hedge fund returns and are balking at high fees, prompting them to shift to private equity…
Asia’s Richest Families Are Abandoning ‘Complacent’ Hedge Funds
