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Asia’s Richest Families Are Abandoning ‘Complacent’ Hedge Funds

  • Familiy offices instead opt for private equity investments
  • Asian funds set for biggest outflows in 4 years: Eurekahedge
Bloomberg business news

Why Asia's Richest Families Are Dumping Hedge Funds

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.