The hi-fi that costs as much as a house
TL;DR The ultra-high-end hi-fi market features systems costing over $1 million. Asia-Pacific family offices now treat high-end audio as passion assets, allocating 3-7% of capital. This reflects
HSBC names new Asia CIO
TL;DR HSBC Private Banking appoints Desmond Kuang as its Asia CIO. The move aims to strengthen investment advice for ultra-high-net-worth clients and family offices in the competitive
Markets Are Forward Looking, But Not Psychic
TL;DR Markets price expectations, not outcomes. High valuations in 2025 create asymmetric downside risk. Family offices are increasing liquidity, stress-testing portfolios, and shifting to private markets and
Tech elites are starting their own for-profit cities
TL;DR Tech billionaires are investing heavily to build private, for-profit cities as laboratories for new governance and tax models. This trend, attracting over $800M, is also seen
Asia 2025 AUM League Tables: Assets cross US$4tn, JPM enters top three, Nomura debuts
TL;DR Asia's private banking AUM surpassed US$4 trillion in 2025. JPMorgan entered the top three, Nomura debuted in the rankings, and Singapore consolidated its
Goldman Sachs and Houlihan Lokey top M&A advisers list in Q1 2026
TL;DR Goldman Sachs advised on $267bn in deals to lead global M&A rankings in Q1 2026. Houlihan Lokey topped the mid-market. The article analyses this
US stocks muted as traders look ahead to Warsh, Iran updates
TL;DR US stocks traded narrowly as investors awaited Kevin Warsh's Treasury nomination and Iran nuclear signals. These events could steepen yields, increase Treasury volatility, and