Chubb Wealth and Hamilton Lane partner for private evergreen funds
The partnership will see Hamilton Lane funds available on the Chubb Wealth platform for eligible Hong Kong investors.
Almost 90% of Gen Z collectors who inherited works retained them, according to Art Basel and a UBS survey.
The global collectibles market is continuing to expand and evolve, particularly in Asia.
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.