Family offices that provide tailored advice to super-rich families are on the rise in Asia. A recent high-profile example is Alibaba executive vice chairman Joseph Tsai's Blue Pool Capital, which manages the wealth of his family and other Alibaba founders.
According to a source familiar with the matter, Tsai's vision is to build a professionally-run investment programme for a few select families and their charitable activities. The Hong Kong-based family office is co-managed by Alexander West and Oliver Weisberg, a former Citadel managing director.
Setting up a family office has certain advantages, such as increased confidentiality and a more personalised approach to managing funds. Consultants and...
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