Capital Group CEO sees mid-sized asset managers getting ‘hollowed out’
Capital Group CEO Mike Gitlin expects smaller boutique firms to survive on satellite allocations and larger firms taking more market share of investors’ core exposure.
Hong Kong-listed digital asset firm MemeStrategy is launching a tokenized fund dedicated to Pokémon trading cards.
A global premium arts trading hub will complement the broader private wealth ecosystem, the PWMA said.
The Art Basel and UBS Survey of Global Collecting 2024 also found a decline in average spending levels by value.
More than half of wealthy investors believe the pandemic has increased their interest in collecting.
Alternative investments have become one of the most sought-after strategies by HNWIs in Hong Kong and Singapore.
The Whisky Investment Fund, a first of its kind launched in Hong Kong in 2014, has exceed its initial target of $10m, according to a statement from the fund.