Singapore family offices get boost from market rally

September 22, 2017

The financial market rally last year boosted returns at private investment firms set up here to serve wealthy families.

Family offices, as they are called, recorded an average return of 6.6 per cent here last year, compared with 1.2 per cent in 2015, according to Swiss private bank UBS and Campden Wealth Research. The performance of the Singapore offices was close to the Asia-Pacific average rise of 6.7 per cent for the 2016 calendar year.

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Source: The Straits Times