CK Asset Holdings, the flagship property company of Hong Kong’s richest person Li Ka-shing, said on Thursday it had terminated a HK$20.8 billion ($2.7 billion) sale of a luxury residential project to a Singapore private wealth manager after the buyer failed to make its first payment.
Risk.net
18 Dec 2020
Actively managed certificates (AMCs) are set to take off in Asia as family investors look for portfolio visibility
Amid the uncertainty and market volatility brought by the Covid‑19 pandemic this year, now is a good time for investors to be taking stock of asset allocations in their portfolios.
For Asia’s private wealth holders and family offices, the problem is that assets are often scattered across different markets and locations, making it tricky to get a quick grasp on what is in their portfolios overall.
Tan Yew Kiat, UBS
This predicament is now driving growing numbers of external asset managers (EAMs) and family offices across Asia to turn to AMCs, says Tan Yew Kiat, executive director of derivatives sales for Asia‑Pacific in the global markets team at UBS.